Which of the following is not a study of Macro-Economics?
Economics is classified into _______.
wrote "An Inquiry into the Nature and Causes of the Wealth of Nations".
______ refers to the process of selecting an appropriate alternative that will provide the most efficient means of attaining a desired end, from two or more alternative courses of action.
Which of the following is not the subject matter of Microeconomics?
Concept of Business Economics was given by:
The study of the behaviour of different individuals and organisations within an economic system is called?
The word "Economics" owes its origin to the Greek word 'Oikonomia', which means:
Business Economics is basically concerned with:
Micro Economics does not study:
Human wants are ______ in response to satisfy their wants.
Business Economics is also known as:
Micro Economics is also known as __________.
Which of the following is used for the allocation of resources?
A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:
Economic goods are considered scarce resources because ______.
What is the nature of business economics, which is an applied branch of economics?
In Economics, we use the term "scarcity" to mean:
Which of these is a part of Microeconomics?
Which of the following is an example of a normative statement?
India's employment rate increased in March 2023 as compared to March 2022. The study of this aspect comes under ______.
Positive statements concern what is; normative statements concern:
Which one of the areas comes under Macroeconomics?
Sarah runs a lemonade stall; her decision-making process involves assessing the demand for her lemonade, pricing strategies, and maximising her profit within the limited scope of her small business. Which level of the economy does Sarah's lemonade stall represent?
Normative science suggests which of the following?
The Finance Minister was discussing the balance of trade and balance of payments. This area comes under:
Mr. X has been given a task to segregate normative and non-normative statements. Help him identify which of the following is a normative economic statement.
Which of the following is not a correct statement?
Business economy involves the theory of Business economics with _____.
Which of the following is not a correct statement?
Business Economics is pragmatic in approach because of which of the following causes?
Which of the following is not a subject matter of Microeconomics?
Which of the following does not describe the nature of business economics?
Which factor is included in Business Economics?
Which of the following is the subject matter of Macroeconomics?
Which of the following does not describe the nature of business economics?
Rama: My corn harvest this year is poor. Manoj: Don't worry. Price increase will compensate for this fall in quantity supplied. Meera: Climate affects crop yield. Some years are bad, others are good. Bharti: The Government ought to guarantee that our income will not fall. In this conversation, the normative statement is made by:
In which type of central economic problem, an economy must decide whether more Indian electric toys should be produced and how many units of each toy should be produced?
The nature of business economics is:
Which of the following is not within the scope of Business Economics?
Under pragmatic approach, Microeconomics is abstract and purely_____ in nature and takes ___ assumptions.
Which of the following is an example of a normative statement?
Business economics is pragmatic in its approach because?
Which of the following enables application of economic logic and analytical tools to bridge the gap between theory and practice?
"Buyers ultimately determine which goods and services will be produced and in what quantities." The given statement is the meaning of:
Which one of the following is not a scope of business economics?
The capitalist economy uses ______ as principal means of allocation of resources.
Which of the following refers to the sum total of arrangements for the production and distribution of goods and services in society?
Which of the following is not one of the four basic economic problems of an economy?
Which of the following is the central problem of the economy?
The 'Central Economic Problem' does not deal with which of the following economic problems?
In capitalistic economy, ______ and ______ will be more.
An economy is called capitalist economy, when ______ is given.
An economic system in which all means of production are owned and controlled by private individuals for profit is called?
The central economic problem of an economy arises due to ______.
A laissez-faire economy is also known as:
What implications does the resource scarcity of the economy have?
Which one of the following is not the scope of business economics?
Exploitation and inequality will be more in _____.
"For whom to produce?" refers to:
Capitalist incentives for the system offer _____ incentives for _____.
Capitalist economy solves its economic problems through which of the following?
In a _____, the producer is free to set up any type of firms to produce goods and services of his choice.
Which of the following is one of the merits of socialism?
"Buyers ultimately determine which goods and services will be produced and in what quantities." The given statement is the meaning of:
Price in a capitalist economy is determined by:
Under which of the following economies, consumers have the limited freedom of choice?
The concept of a socialist economy was propounded by __________.
A socialist economy is called as which of the following?
_____ involves the predominance of bureaucracy and resulting inefficiencies and delays.
The economic system in which production and distribution of goods are aimed at maximising the welfare of the community as a whole is known as _____.
Which of the following statements is not correct?
In a socialistic economy, the allocation of resources is done by:
In which economy, the material means of production, i.e. factories, capital, mines, etc., are owned by the whole community represented by the State?
How does Business Economics differ from traditional Economics?
In a mixed economy, there are _____ sectors of industry.
Which of the following statements is correct?
In which of the following situations does scarcity arise?
Co-existence of public and private sectors is the feature of _____.
Business Economics depends heavily on the techniques of:
Which of the following statements accurately represents the scope of Business Economics?
To reduce pollution, the Government should impose heavy penalties on polluting vehicles. This is a _____statement.
The questions like "What? How? and for whom?" arise due to the existence of ______.
Positive economics deals with:
Which of the following statements is incorrect?
The problem of 'what to produce' relates to:
Which of the following is not a characteristic of a capitalist economy?
Business Economics is an art because:
A system of economy in which all means of production are owned and controlled by private individuals for the purpose of profit is called:
In a Socialist Economy, who primarily makes the decisions about what to produce, how to produce, and for whom to produce?
_____ is outside the domain of Macro Economics?
Who controls economic activities under centrally planned economies?
In a mixed type of economy, the price mechanism is found:
A mixed economy to solve its central problems relies on:
In a command economy, who primarily decides 'how to produce' goods and services?
Capital-intensive technique would be chosen in a:
