The term micro is derived from
Mikros
Micros
Mackros
Makhro
Macro economics explains
Total employment
Total output
Total amount of services
All of these
____________ deals with interaction of individual markets.
Micro economics
Macro economics
Econometrics
Public finance
Individual economic analysis does not deal with
Product prices
Factor prices
Allocation of resources
Sharing of resources
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
___________ 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
Micrographic
The term economics derived from the Greek word namely
Oikou
Nomos
Oikou and nomos
Eco and nomos
The output produced in an economy is distributed among various factors of production is known as
Theory of demand
The distinction between micro and macro economics was made by
Amartya Sen
J.R Hicks
Ragnar Frisch
Samuelson
