Q. “The starting point of all economic activity is the existence of human wants” Who said this?
✅ Correct Answer: (B)
selligman
Basics of Economics MCQs and Notes
Q. Partial equilibrium analysis come under:
✅ Correct Answer: (A)
micro economics
Q. Which one of the following is not come under macro economics
✅ Correct Answer: (D)
individual income
Q. Which one of the following come under macro economics:
✅ Correct Answer: (A)
per capita income
Q. The distribution of national product among the members of the society is the problem of:
✅ Correct Answer: (C)
for whom to produce
Q. The problem of allocation of resources is concerned with:
✅ Correct Answer: (A)
what to produce
Q. The term production refers to:
✅ Correct Answer: (D)
all of the above
Q. ----- is not an example of free good
✅ Correct Answer: (A)
sunlight
Q. The resources are :
✅ Correct Answer: (C)
not only limited but are capable of alternative uses
Q. Economic problem arises in
✅ Correct Answer: (D)
all of the above