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- 1. Multiple Choice
study of economics in relation to real world situations
Microeconomics
Macroeconomics
Econometrics
Applied economics
- 2. Multiple Choice
the tension between the limited resources and unlimited wants and needs.
natural resources
scarcity
opportunity cost
poverty
- 3. Multiple Choice
this book analyzed how markets organized economic life and and produced rapid economic growth
General Theory of Employment, Interests and Money
Das Kapital
The Art of War
The Wealtn of Nations
- 4. Multiple Choice
the Greek translation of the word economics
ekonomiya
oikonomia
okonomea
oikomia
- 5. Multiple Choice
government activities towards taxation, borrowings and expenditures
national budget
money supply
foreign domestic investment
public finance
- 6. Multiple Choice
the three problems of economics is what to produce, how to produce and ....
when to produce
where to produce
which one to produce
for whom it will be produced
- 7. Multiple Choice
the author of the book "General Theory of Employment, Interests and Money" is
Joseph Schumpeter
Donald Trump
Karl Marx
John Maynard Keynes
- 8. Multiple Choice
this is responsible for the rapid technological change and high living standards during the 1980's.
entrepreneur
market
innovation
government
- 9. Multiple Choice
this is marketing of goods and services to different economic outlets for allocations to individual consumers.
production
distribution
exchange
consumption
- 10. Multiple Choice
this factor of production is paid in the form of rent or lease.
land
labor
capital
entrepreneur
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