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Questions and Answers
Which of the following is a concept of Economics?
Which of the following is a concept of Economics?
- Theories of Population
- Scale of production
- Division of labour (correct)
- Efficiency of Labour
What is the significance of Economics?
What is the significance of Economics?
- Solving basic economic problems (correct)
- Measurement of Elasticity of Demand
- Determining price under perfect competition
- Understanding historical background of economics in India
Which factor of production is concerned with the natural resources?
Which factor of production is concerned with the natural resources?
- Organisation and Enterprises
- Capital
- Land (correct)
- Labour
What does the concept of Elasticity of Demand measure?
What does the concept of Elasticity of Demand measure?
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What is the unit of study in Micro Economics?
What is the unit of study in Micro Economics?
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Which of the following is NOT a focus of business economics?
Which of the following is NOT a focus of business economics?
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What is the main difference between business economics and traditional economics?
What is the main difference between business economics and traditional economics?
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Which category of microeconomics is NOT applicable to business economics?
Which category of microeconomics is NOT applicable to business economics?
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What is the main purpose of business economics?
What is the main purpose of business economics?
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What is the role of macroeconomic factors in business economics?
What is the role of macroeconomic factors in business economics?
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