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Economics Mcqs

For Economics category a first Nobel prize was given in____________?

Economics Mcqs, General Knowledge MCQs /
For Economics category a first Nobel prize was given in____________?A. 1901
B. 1969
C.1945
D. 1968

The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen “for having developed and applied dynamic models for the analysis of economic processes”

 

For Economics category a first Nobel prize was given in____________? Read More »

Economics Mcqs, General Knowledge MCQs

When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:

Economics Mcqs /
When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:

A. irrational behavior
B. a lazy person
C. marginal benefit-marginal cost analysis
D. programmed learning

When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of: Read More »

Economics Mcqs

According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

Economics Mcqs /
According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

A. people are greedy
B. productive resources are limited
C. human beings are inherently insecure
D. people are irrational

According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because: Read More »

Economics Mcqs

When economists say that people act rationally in their self interest, they mean that individuals _______?

Economics Mcqs /
When economists say that people act rationally in their self interest, they mean that individuals _______?

A. look for and pursue opportunities to increase their utility
B. generally disregard the interests of others
C. are mainly creatures of habit
D. are unpredictable

When economists say that people act rationally in their self interest, they mean that individuals _______? Read More »

Economics Mcqs