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Class 11 Economics
Introduction To Micro Economics
Quiz 2
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Who said, “Economics is a science of wealth. ”
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Marshall
0%
Robbins
0%
Adam Smith
0%
J. K. Mehta
Explanation
Adam Smith
“Economics is a science of logic. ’’ Who said it ?
0%
Hicks
0%
Keynes
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Robbins
0%
Marshall
Explanation
Robbins
Micro Economics includes:
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Individual unit
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Small units
0%
Individual price determination
0%
All of these
Explanation
All of these
Who was the father of Economics ?
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I. B. Say
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Malthus
0%
Adam Smith
0%
Joan Robinson
Explanation
Adam Smith
Who gave the definition of Economics related to welfare ?
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Adam Smith
0%
Marshall
0%
Robbins
0%
Samuelson
Explanation
Marshall
The word ‘micro’ was firstly used by:
0%
Marshall
0%
Boulding
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Keynes
0%
Ragnar Frish
Explanation
Ragnar Frish
According to whom, Economics is a science of human welfare ?
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A Marshall
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Paul Samuelson
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J. S. Mill
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Adam Smith
Explanation
A Marshall
Which of the following is not a factor of production ?
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Land
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Labour
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Money
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Capital
Explanation
Money
The central problem of an economy is:
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What to produce ?
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How to produce ?
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How to distribute produced goods ?
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All of these
Explanation
All of these
Consumer behaviour is studied in:
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Micro Economics
0%
Income Theory
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Mac o Economics
0%
None of these
Explanation
Micro Economics
Indian economy is:
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Centrally planned economy
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Market economy
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Mixed economy
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None of these.
Explanation
Mixed economy
Who used the word ‘micro’ for the first time:
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Marshall
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Boulding
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Keynes
0%
Ragnar Frisch
Explanation
Ragnar Frisch
Who said economics is the ‘Science of wealth:
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Prof. Robbins
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Prof. J. K. Mehta
0%
Prof. Marshall
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Prof. Adam Smith
Explanation
Prof. Adam Smith
What is the shape of production possibility curve:
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Concave to the origin
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Concave
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Straight line
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None of the above.
Explanation
Concave to the origin
The reason for downward shape of production possibility curve is:
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Increasing opportunity cost
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Decreasing opportunity cost
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Same opportunity cost
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Negative opportunity cost
Explanation
Decreasing opportunity cost
The point of optimum utilization of resources lies on which side of PPC curve:
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Towards left
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Towards right
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Inside
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Upwards
Explanation
Upwards
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