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Basic concept of Economics Quiz

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Basic concept of Economics Quiz

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Core concepts in economics

Created by

Fauquiyah Shaikh
Fauquiyah Shaikh
India

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Basic concept of Economics Quiz
 

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Basic concept of Economics QuizOnline version

Core concepts in economics

by Fauquiyah Shaikh
1

The word 'Economics' is derived from which ancient Greek word?

2

Question 2Who is known as the "Father of Economics"?

3

Which of the following is considered an exact or natural science?

4

According to Lionel Robbins, human wants are ____, while means (resources) are ____.

5

Which famous ancient thinker wrote the treatise 'Arthashastra' during the Maurya period?

6

Water has a high value-in-use, but a diamond has a high value-in-exchange because diamonds are:

7

The terms 'Micro Economics' and 'Macro Economics' were coined in 1933 by:

8

Which of these is a basic necessity of life?

9

In Economics, what is the reward earned by the factor 'Land'?

10

Income left over after paying direct taxes (like income tax) is known as:

11

Which of the following is studied under Microeconomics?

12

Economic Growth is a quantitative concept, whereas Economic Development is a:

 
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