(A) Hot currency
(B) Gold currency
(C) Scarce currency
(D) Soft currency
Which among following is a better measurement of Economic Development?
(A) Disposable income
(B) Per capita income
(C) GDP
(D) None of the above
All of the goods which are scarce and limited in supply are called?
(A) Economic goods
(B) Capital goods
(C) Luxury goods
(D) Expensive goods
In economics pleasure, happiness or satisfaction received from a product is?
(A) Status fulfillment
(B) Marginal cost
(C) Utility
(D) Rational outcome
Word “Utility” means?
(A) Pleasure and satisfaction
(B) Rationality
(C) Versatility and flexibility
(D) Purposefulness
Who is known as father of economics?
(A) David Ricordo
(B) Adam Smith
(C) J.P Kense
(D) Mankew
Macroeconomics deals with?
(A) Economics Aggregates
(B) The behavior of firms
(C) The activities of individual units
(D) None of the above
Which of the following is not one of the basic economics?
(A) How to maximize economic growth
(B) What to produce
(C) Who to produce for
(D) How to produce