( Best 300+ ) Micro Economics MCQ

by Mr. DJ

Micro Economics MCQ

Micro Economics MCQ Definition: Microeconomics is the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.

Micro Economics MCQ

41. The curve showing the possibilities of production of desired good is known as:
(A) Indifference curve
(B) Production possibility curve
(C) Revealed preference curve
(D) None of these

Answer:B

42. The average fixed cost is obtained by :
(A) TFC / Q
(B) MC / Q
(C) TAC / Q
(D) AVC / Q
Answer:A

43. Average Revenue curve under monopoly is :
(A) Upward slopping
(B) Downward sloping
(C) Horizontal straight line
(D) None of these
Answer:B

44. _______ investigations examine an individual’s relationship with and interaction in society
A) Natural science
B) Physical science
C) Life science
D) Social science

Answer:D

45. In the 19th century _________ argued that ideas pass through three rising stages namely, Theological, Philosophical and Scientific.
A) Auguste Comte
B) B. Plato
C) Aristotle
D) Socrates
Answer:A

46. _________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility
A) Sociology
B) Political science
C) Economics
D) Anthropology

Answer:C

47. The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology.
A) Max Adler
B) Max Weber
C) Karl Marx
D) Joseph W. Eaton

Answer:B

48. International Social Science Associations were founded under the auspices of___________
A) UNESCO
B) World Bank
C) IMF
D) USA
Answer:A

49. ________ social science discipline deals with the integration of different aspects of the Social Sciences, Humanities, and Human Biology
A) Criminology
B) Demography
C) Geography
D) Anthropology

Answer:D

50. Social science can help to appreciate the values enshrined in the Indian Constitution such as justice, liberty, equality and fraternity and the unity and integrity of thenation and the building of a socialist, secular and democratic society.
A) True
B) False
C) None

Answer:A

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