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  • Question 1
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    An economy always produces on, but not inside a PPC.

     

  • Question 2
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    The study of jute industry is a macroeconomic study. This statement is

     

  • Question 3
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    Price determination of a commodity is a subject matter of microeconomics.

     

  • Question 4
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    The study of general price level is a macroeconomic study. This statement is

     

  • Question 5
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    In which economy do consumers and producers make choices based on market forces of supply and demand?

     

  • Question 6
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    Any allocation of resources result in

     

  • Question 7
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    Under the Industrial policy of 1991:

     

  • Question 8
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    The positive economic analysis deals with the variables

     

  • Question 9
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    If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

     

  • Question 10
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    The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:

     

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