www.ThinkITI.com
Home
MCQ
Search
Free Apps
Important
Study Groups
Contact Us
Policy
Home
MCQ
Objective Questions
GK
GK Set-1
Economics
Micro Economics
Micro Economics MCQ (GK Set-1) with Answers
16)
Macroeconomics is concerned with the study of how households and firms make decisions and how they interact in specific markets
yes
no
could not say
There is not enough information to answer this question
Answer
Answer is:
no
17)
The statement, "An increase in inflation tends to cause unemployment to fall in the short run," is normative
yes
no
could not say
There is not enough information to answer this question
Answer
Answer is:
no
18)
When economists make positive statements, they are more likely to be acting as scientists.
yes
no
could not say
There is not enough information to answer this question
Answer
Answer is:
yes
19)
Normative statements can be refuted with evidence.
yes
no
could not say
There is not enough information to answer this question
Answer
Answer is:
no
20)
Most economists believe that tariffs and import quotas usually reduce general economic welfare
yes
no
could not say
There is not enough information to answer this question
Answer
Answer is:
yes
PREV
4
NEXT
1
2
3
4
5
6
7