2 Questions
1)Statement/one Statement Mo Adam Smith is known as the father of Femmes Adam Smith wrote the book 'Principle of Economics
al Statement one is correct
(b) Statement Pats in cortaх
(c) Both statements are correct
(d) Both statem
Statement one Robbin's definition of Economics is based on scary Statement two Human wants are unlimited.
(a) Statement one is correct
(b) Statement two is catren
(e) Both statements are correct
(d) Both statements e
(3) Statement one Economic laws are always true, Statement two Economic laws can be verified in the laboratory
(a) Statement one is correct
(b) Statement two is correct
(c) Both statements are correct
(d) Both statements are wrong
(4) Statement one Statement two Aggregate factors are studied in micro economic National income is studied in macro economies.
(a) Statement one is correct
(b) Statement two correcs
(c) Both statements are correct
(d) Both statervents ste wrong
(5) Statement otte Utility is a subjective concept. Statement two There is no utility in alcohol.
(a) Statemem one is correct
(b) Statement two in carrest
(c) Both statements are correct
(d) Both statements are wong
(6) Statement ose As the stock of a commodity increases, utility decreases Statement two The law of equi-marginal utility is introduced by Marshall
(a) Statement one is correct
(b) Statement two is conect
(c) Both statements are comect
(d) Both statements
1)Statement/one Statement Mo Adam Smith is known as the father of Femmes Adam Smith wrote the book 'Principle of Economics
al Statement one is correct
(b) Statement Pats in cortaх
(c) Both statements are correct
(d) Both statem
Statement one Robbin's definition of Economics is based on scary Statement two Human wants are unlimited.
(a) Statement one is correct
(b) Statement two is catren
(e) Both statements are correct
(d) Both statements e
(3) Statement one Economic laws are always true, Statement two Economic laws can be verified in the laboratory
(a) Statement one is correct
(b) Statement two is correct
(c) Both statements are correct
(d) Both statements are wrong
(4) Statement one Statement two Aggregate factors are studied in micro economic National income is studied in macro economies.
(a) Statement one is correct
(b) Statement two correcs
(c) Both statements are correct
(d) Both statervents ste wrong
(5) Statement otte Utility is a subjective concept. Statement two There is no utility in alcohol.
(a) Statemem one is correct
(b) Statement two in carrest
(c) Both statements are correct
(d) Both statements are wong
(6) Statement ose As the stock of a commodity increases, utility decreases Statement two The law of equi-marginal utility is introduced by Marshall
(a) Statement one is correct
(b) Statement two is conect
(c) Both statements are comect
(d) Both statements
Test your knowledge of economic principles with this quiz on Adam Smith, Robbins' definition of Economics, economic laws, micro and macro economics, utility, and equi-marginal utility.
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