Choices

Q.

What Is the Importance of Microeconomics?

Q.

What Are the Examples of Microeconomics Issues?

Q.

What Is Microeconomics and Its Components?

Q.

Which theory is generally included under microeconomics

1. Income Theory

2. Employment Theory

3. Trade Theory

4. Price Theory

Q.

Microeconomics Is Not Concerned With the Behaviour Of

1. Consumers

2. Aggregate demand

3. Industries

4. Firms

Q.

What Is the Basis of Microeconomics?

Q.

What Are the 4 Microeconomic Concepts?

Q. Microeconomics does not deal with the aggregate economy.

1. True
2. False

Q. Answer the following.
What are the basic economic questions dealt with by Micro Economics?

Q.

Give two examples of microeconomic studies.

Q. Which of these are outside the domain of Microeconomics?

1. Consumer behaviour
2. Factor pricing
3. Study of firm
4. Economic growth

Q. ____________ is one of the concerns of microeconomics.

1. Rate of inflation
2. Rates of unemployment
3. Consumer choices
4. Population growth

Q. ___________ is a microeconomics domain.

1. Increased CNG rates by IGL
2. Hardening of interest rates
3. Strengthening of rupee against dollar
4. Stagnation of economic growth

Q. Which of the following does not fall under Macro Economics?

1. Balance of Payments Deficits
2. Price Fixation by Producer Firm
3. Low saving rates in the economy
4. Value of Rupee visa-vis US Dollar

Q. Answer the following.
What is the scope and subject matter of micro economics.

Q. Modern economist define economics as __________.

1. science of growth and efficiency
2. art of understanding consumer behaviour
3. science of rational behvaiour
4. art of taking ration decisions

Q. Which of these is a law of economics?

1. Law of contracts
2. Law of demand
3. Annual budget of the central government
4. All of the above

Q. To study the impact of rise in the price of edible oils on the demand of edible oil is the concern of ____________.

1. macroeconomics
2. microeconomics
3. positive economics
4. normative economics

Q. "Economics is a science." The basis of this statement is _____.

1. Relation between cause and effect
2. Use of deductive method and inductive method for the formations of laws
3. All of the above
4. Experiments

Q. Arrange the following in proper form of stages based on the development of economics as a subject:
I. Material Welfare Definition
II. Wealth Definition
III. Development and Growth Definition
IV. Scarcity and Choice Definition

1. II, I, IV, III
2. I, II, III, IV
3. IV, III, II, I
4. II, III, I, IV

Q. Give reasons.
Microeconomics studies individual economic units.

Q. Who said Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses _______.

1. L.Robbins
2. A.C. Pigou
3. J.S. Mill
4. J.N. Keynes

Q. We mainly study the following in Micro-Economics ____________________.

1. Economic conditions of a section of the people
2. General price level
3. Balance payments
4. Employment and economic growth