A. small units, including individual companies and small group of consumers
B. Economics of homes
C. Economics of stock market
D. Economics of provinces
Related Mcqs:
- Macroeconomics is the branch of economics that deals with ?
A. imperfectly competitive markets:
B. Only the long run adjustments to equilibrium in the economy
C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
D. the economy as a whole - Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy - Microeconomics is not concerned with the behavior of ?
A. aggregate demand
B. firms
C. Consumers
D. industries. - Which of the following statements about microeconomics and macroeconomics is not true ?
A. The study of very large industries is a topic within macroeconomics
B. Macroeconomics is concerned with economy-wide phenomena
C. Microeconomics is a building block for macroeconomics
D. Microeconomics and macroeconomics cannot be entirely separated - Which of the following issues is related to microeconomics ?
A. the impact of oil prices on car production
B. The impact of money on inflation
C. The impact of technology on economics growth
D. The impact of the deficit on saving - When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
A. Cost push theory
B. Supply and Demand theory
C. Fundamental theory
D. Ricardo’s theory - Which economics term describes the takeover of one textile manufactures by another ?
A. Diversification
B. horizontal integration
C. monopoly
D. vertical integration - Development means economics growth plus ?
A. Inflation
B. Deflation
C. Social change
D. Price stability - The economics system planned economy is ?
A. In which economists control production
B. In which production and distribution of wealth is under government’s control
C. In which technocrats control production
D. In which government controls distribution - Who is called Father of Economics ?
A. Adam smith
B. David Ricardo
C. David smith
D. Adam Ricardo
