Economics Mcqs

A. moves down to the right
B. moves up to the left
C. moves up to the right
D. moves down to the left

A. 20%
B. 2%
C. 12%
D. 16%

A. construct price lists
B. compare shop prices
C. measure changes in the cost of living
D. None of the above

A. they suggest relationships for explanation, allow testing of hypotheses
B. they can be used for tables, they can be graphed
C. they can be used in computers governments use them
D. they provide interesting information can be summarized

A. no more of the activity.
B. less of the activity
C. more of the activity
D. more or less, depending on the benefits of other activities

A. positive statements, facts
B. oions personal facts
C. positive statements values
D. oions facts

A. government intervenes
B. government plan production
C. government interferes
D. Prices adjust to reconcile scarcity and desires

A. the time lost in finding it
B. the quantity of other goods sacrificed to get another unit of that good
C. the expenditure on the good
D. the loss of interest in using savings

A. improving the education of workers
B. raising union wages.
C. raising minimum wages.
D. restricting trade with foreign countries.

A. Rs 300
B. Rs 1000
C. Rs 500
D. Rs 800