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  • Question 1
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    Microeconomics is a study of __________.

  • Question 2
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    Microeconomics studies _________.

  • Question 3
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    The term micro and macro economics were first used by ________.

  • Question 4
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    ____________ economic analysis, generally ignores the effects of "intervention policy" of  the Government.

  • Question 5
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    Microeconomics and macroeconomics approaches are ______.

  • Question 6
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    Any point beyond the PPF is not attainable due to ______.

  • Question 7
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    Production possibility frontier shows the combination of ______.

  • Question 8
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    The production-possibility frontier shows the ______ of production that can be obtained by an economy, given ______.

  • Question 9
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    The central problem of an economy of 'what to produce' is an alternative problem of ________________.

  • Question 10
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    Which of the following is a positive statement?

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