Class XII Microeconomics Quiz

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Questions and Answers

Which method is adopted in microeconomics for analysis?

  • Lumping method (correct)
  • Slicing method
  • Aggregative method
  • Inclusive method

Which are the factors of production in economics?

  • Labour
  • Land
  • Capital (correct)
  • Profit

Which concepts are studied under macroeconomics?

  • Economic development (correct)
  • Aggregate supply
  • Whole economy
  • Product pricing

Which is the odd word out?

<p>Investment Function, Factor (D)</p> Signup and view all the answers

Distinguish between Microeconomics and Macroeconomics.

<p>Microeconomics focuses on individual markets, while Macroeconomics studies the entire economy (C)</p> Signup and view all the answers

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