Quiz 1

Among the Following, what is not considered as ‘land’ in Economics?

 
 
 
 

What is meant by consumption?

 
 
 
 

Among the following, what is not considered as an economic activity?

 
 
 
 

What does ‘economizing’ mean?

 
 
 
 

What is a production possibility curve?

 
 
 
 

What is ‘Opportunity Cost’?

 
 
 
 

“Economics is a science which studies human behavior as a relationship between ends and scarce means, which have alternative uses.”
Whose words are these?

 
 
 
 

What is an economic good?

 
 
 
 

What are the factors of production?

 
 
 
 

What is meant by capital?

 
 
 
 

Question 1 of 10


 

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