Macroeconomics deals with? A. the behavior of the electronics industry B. the behavior of firmsC. economics aggregates D. the activities of individual units

Which of the following is a normative statement in economics ? A. More spending by the government reduces poverty B. Higher taxes lead to less desire to work C. The Pakistan’s economy is growing fast relative to other SAARC membersD.…

In a command (planned) economy ? A. The price mechanism acts as an incentiveB. Resources are allocated by market forces C. Individual firms make decisions for themselves about what to produce and how to produce it D. The public sector…

The free market involves ? A. The free provision of products B. The Subsidizing of products by the governmentC. Market forces of supply and demand D. All trade via barter

Which of the following is not one of the basic economic s ? A. What to produce B. Who to produce for C. How to produceD. How to maximize economic growth

Human wants are_______________? A. Always fixed B. LimitedC. Unlimited D. Likely to decrease over time

The sacrifice involved when you choose a particular course of action is called the? A. AlternativeB. Opportunity cost C. Consumer cost D. Producer cost

The sacrifice involved when you choose a particular course of action is called the ? A. AlternativeB. Opportunity cost C. Consumer cost D. Producer cost

Resources in an economy ? A. Are always found B. Can never decease C. Always increase over timeD. Are limited at any moment in time