Micro Economics MCQ (GK Set-1) with Answers

fewer students will take degree courses in accounting and more will take education courses

fewer students will take degree courses in education and more will take accounting courses

fewer students will attend university

none of these answers

the money you spent on a theatre show there

the money you could have made if you had stayed at home and worked

the money you spent on food

the money you spent on airline tickets

With a large enough computer, central planners could guide production more efficiently than markets

By following their self-interest, In a market the self-interested actions of market participants are co-ordinated in such a way as to bring about an outcome from which everybody benefits

The strength of a market system is that it tends to distribute resources evenly across consumers.

Taxes help prices communicate costs and benefits to producers and consumers

There is not enough information to answer this question

Yes

No

maybe

Rs. 300

Rs. 500

none of these answers

Rs. 800