Question : The other name of microeconomics is _____________
Option 1: Price Theory
Option 2: Demand approach
Option 3: Supply approach
Option 4: All of the above
Correct Answer: Price Theory
Solution : Microeconomics is the branch of economic theory that focuses on the behaviour of individual economic units. It also goes by the name "Price Theory." Hence, the correct option is 1.
Question : The other name of macroeconomics is ___________.
Option 1: Aggregate Demand Theory
Option 2: Income and Employement Theory
Option 3: Aggregate Supply Theory
Question : What are the main tools of microeconomics?
Option 1: Demand and supply
Option 2: Demand and cost
Option 3: Supply and producer's equilibrium
Question : Equilibrium price is the price when :
Option 1: Supply is greater than demand .
Option 2: Supply is less than demand .
Option 3: Demand is very high .
Option 4: Supply is equal to demand.
Question : The concept of demand and supply is a key topic in:
Option 1: Macroeconomics
Option 2: Microeconomics
Option 3: Both microeconomics and macroeconomics
Option 4: Neither microeconomics nor macroeconomics
Question : Cross-demand expresses the functional relationship between
Option 1: demand and price of related commodities
Option 2: demand and income
Option 3: demand and price
Option 4: demand and supply
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile