The term economics derived from the Greek word namely
Oikou
Nomos
Oikou and nomos
None of these
____________ studies whether resources are efficiently allocated.
Theory of production
Theory of distribution
Theory of product pricing
Welfare economics
Micro economics is the___________study of the economy.
Macro scope
Microscopic
Topographic
Development
___________deals with the functioning of the economy.
Micro economics
Macro economics
Econometrics
Public finance
The distinction between micro and macro economics was made by
Amartya Sen
J.R Hicks
Ragnar Frisch
Keynes
________ is the cost of any activity measured in terms of value of the next best alternative forgone.
Opportunity cost
Average cost
Marginal cost
Total cost
The distinction between micro and macro economics was emerged after
Great depression
Global meltdown
Discovery of USA
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a give stock of technological knowledge is called
Production
Production possibility set
Consumption
Distribution
The subject matter of economics is mainly divided into
Econometrics and mathematical economics
Micro and macro economics
Agriculture and international trade economics
Development and public finance
The term micro is derived from
Mikros
Micros
Mackros
Makhros