Introduction to...

In a market economy, the central problems are solved by

The study of general price level is a macroeconomic study. This statement is

A resource is a

The study of jute industry is a macroeconomic study. This statement is

Normative economics states

An economy always produces on, but not inside a PPC.

Vinod Limited sold patents costing Rs.20,000 in Rs.22,000. Treatment will be ---

In Economics, a good is something which

A PPC is downward sloping and____________ to the origin. Choose the correct option.

One of the characteristics of economic resource is scarcity. Which is the other?

The basic assumption regarding resources while drawing a PPC is

Calculate Purchase on Investment. The information is Opening balance of Investment – Rs. 2,50,000, closing balance Investment – Rs. 5,00,000, Sale – Rs.1,37,500, Profit on sale – Rs.12,500.

The central problems of an economy are due to

The basic factors of production are land, labour, capital and______

Loose tools and Stores and spares are the part of --------------

Positive economics states

An individual in economics is

In a centrally planned economy, the central problems are solved by

Price determination of a commodity is a subject matter of microeconomics.

Cash paid against trade payable belongs to ------------

Which central problem explains ‘who gets more and who gets less’?

Under which type of activity will you classify the sale of shares of another company while preparing cash flow statement?

Increase of decrease in the Bank balance is ---------

Interest received on investment will be___________

What is the other name for opportunity cost in economics