Question : Find the correct match:

Option 1: An enquiry into the nature and causes of the wealth of the nation: A.C. Pigou.

Option 2: Science that deals with wealth: Alfred Marshall.

Option 3: Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.

Option 4: The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money: Adam Smith

Question : Which objective of government budget is highlighted here?
Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
 

Option 1: Reallocation of resources
 

Option 2: Reducing income inequalities
 

Option 3: Economic stability
 

Option 4: Economics growth
 

Question : In terms of economics, if it is possible to make someone better off without making someone worse off, then the situation is

Option 1: inefficient

Option 2: efficient

Option 3: optimal

Option 4: pareto-superior

Question : Which of the following is an example of positive economics?

Option 1: The government should invest more in renewable energy sources.

Option 2: Higher taxes on cigarettes will reduce smoking rates.

Option 3: Income inequality is a moral issue that needs to be addressed.

Option 4: Economic growth is essential for societal well-being.

Question : Which of the following is an example of positive economics?

Option 1: Increasing the minimum wage will reduce poverty rates.

Option 2: The government should prioritize environmental sustainability over economic growth.

Option 3: Free trade improves overall economic welfare.

Option 4: The distribution of wealth in society is unjust.