Basics of Economics MCQ
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Basics of Economics MCQ
11. “The starting point of all economic activity is the existence of human
wants” Who said this?
12. Production and consumption takes place simultaneously in the case of
13. Economic growth can be achieved through
14. Micro economics doesn’t deal with:
15. Name the economist who analyses the subject matter of economics into
two branches: micro economic analysis and macro economic analysis.
16. Transformation of inputs into outputs is known as
17. —– is an example of secondary input
18. Odd-man out from the following
19. The choice of techniques of production is related to the problem of
20. The functional relationship between inputs and outputs is called
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