பொருளியல் பல்தேர்வு வினாக்கள் - விடைகளுடன்

Question 1 - Who is considered to be the "father of modern economics"?

A) Karl Marx

B) Abraham Lincoln

C) Adam Smith

D) Barack Obama

E) Alfred Marshel

Question 2 - The tension between limited resources and unlimited wants and needs, is referred to as?

A) Elasticity

B) Market Economy

C) Utility

D) Scarcity

E) None of the above

Question 3 - What are the two primary branches of study within economics?

A) Macroeconomics and Nanoeconomics

B) Nanoeconomics and Intra-economics

C) Microeconomics and Nanoeconomics

D) Macroeconomics and Microeconomics

E) Intra-economics and Microeconomics

Question 4 - What model is used to represent the point at which an economy is most efficiently producing its goods or services?

A) IS/LM model

B) The Invisible Hand

C) Production Possibilities Frontier

D) Marginal Allocation Model

E) Efficient Economy Index

Question 5 - A country that can produce more of a good or service than another country with the same amount of inputs is said to have a/an:

A) Comparative Advantage

B) Output Advantage

C) Production Advantage

D) Competitive Advantage

E) Absolute Advantage

Question 6 - The value of the next best alternative foregone by making another decision is known as?

A) Stop loss

B) Opportunity cost

C) Utility

D) Elasticity

E) Comparative Advantage

Question 7 - Movement along the demand curve denotes:

A) A shift in demand unrelated to price

B) A shift in supply

C) A change in demand in relation to price

D) A change in economic theory

E) None of the above

Question 8 - Which of the following is not a factor which affects demand elasticity?

A) The availability of substitutes

B) Income

C) Absolute advantage

D) Time

E) Price

Question 9 - Marginal utility will usually __________ with each additional increase in consumption of a good.

A) Increase

B) Decrease

C) Remain unchanged

D) Move inversely to the invisible hand

E) None of the above

Question 10 - A market structure in which an industry is comprised of only a few firms is known as?

A) Monopoly

B) Perfect competition

C) Fewopoly

D) Oligopoly

E) None of the above

Answers:

01) C

02) D

03) D

04) C

05) E

06) B

07) C

08) C

09) B

10) D