In________________ economics we look at desirability of certain aspects of the economy ?

Related Mcqs:

1. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?

   A. Macroeconomic
   B. Micro economic
   C. Positive economic
   D. Normative economic

2. “Economics is the study of causes of material welfare” was defined by___________________?

   A. Adam Smith
   B. Marshall
   C. Robins
   D. Marks

3. The branch of economics which analyze govt. revenues and expenditures is__________________?

   A. Public revenue
   B. Public finance
   C. Public good
   D. None

4. An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

   A. Increasing cost industry
   B. Decreasing cost industry
   C. Declining industry
   D. None of these

5. Noble prize of Economics in 1979 was awarded to________________?

   A. W. Arthur Lewis
   B. Theodore Schultz
   C. Both a and b
   D. None

6. The role of power in economic decision making is studied in________________?

   A. Development economics
   B. Traditional economics
   C. Political economics
   D. None of these

7. The households and the business firms of the economy are called__________________?

   A. Public sector
   B. Ptivate sector
   C. Govt sector
   D. None

8. The part of economy which contains all govt. entities is called__________________?

   A. Public sector
   B. Private sector
   C. Public utility
   D. None

9. “structural transformation of primary subsistence economy for economic development” war proposed by ?

   A. Arthur Lewis
   B. Keyne’s
   C. Carl Marx
   D. Rostow

10. The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

    A. Formal sector
    B. Informal sector
    C. Formal finance
    D. Informal finance