Top 150+ Solved Principles of Micro Economics MCQ Questions Answer
Q. Prof. Robbin’s definition of Economics is:
a. scarcity definition
b. growth definition
c. welath definition
d. welfare definition
Q. A theory is:
a. an assumption
b. a validated hypothesis
c. an ‘if then’ proposition
d. a hypothesis
Q. A hypothesis is a :
a. statement of facts
b. statement of observations made by a researcher
c. statement of expected out of research
d. a proposition the validity of which is to be tested
Q. In the classical system, the basic economic problems are solved by:
a. government
b. price mechanism
c. economists
d. central bank
Q. Growth definition of economics was concerned with:
a. scarcity
b. welfare
c. wealth
d. economic growth
Q. A market:
a. necessarily refers to a meeting place between buyers and sellers
b. does not necessarily refer to a meeting place between buyers and sellers
c. extends over the entire nation
d. extends over a city.
Q. Average Revenue curve under monopoly is :
a. upward slopping
b. downward slopping
c. horizontal straight line
d. none of these
Q. _______ investigations examine an individual’s relationship with andinteraction in society
a. natural science
b. physical science
c. life science
d. social science
Q. In the 19th century _________ argued that ideas pass through three risingstages namely, Theological, Philosophical and Scientific.
a. auguste comte
b. b. plato
c. aristotle
d. socrates
Q. _________ is distinctive for much greater use of mathematics than the othersocial sciences, a development made possible by the development of a concept of utility
a. sociology
b. political science
c. economics
d. anthropology
Q. The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology.
a. max adler
b. max weber
c. karl marx
d. joseph w. eaton
Q. International Social Science Associations were founded under the auspicesof___________
a. unesco
b. world bank
c. imf
d. usa