The distinction between micro and macro economics was emerged after
Great depression
Global meltdown
Discovery of USA
Green revolution
__________ is not the subject matter of micro economic
Individual households
Firms
Industries
Inflation
Individual economic analysis does not deal with
Product prices
Factor prices
Allocation of resources
Sharing of resources
__________ are the basic economic activities of life.
Production
Exchange
Consumption
All the above
The term micro is derived from
Mikros
Micros
Mackros
Makhro
The output produced in an economy is distributed among various factors of production is known as
Theory of production
Theory of distribution
Theory of product pricing
Theory of demand
____________are the branches of micro economics.
All of these
The term economics derived from the Greek word namely
Oikou
Nomos
Oikou and nomos
Eco and nomos
Micro economics is the ___________ study of the economy.
Macro scope
Microscopic
Topographic
Micrographic
________ 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