Micro economics is also called
Economic theory
Price theory
Demand theory
Supply theory
Aggregate supply is the total amount
Of a labour supplied by all house holds
Of goods and services produced in an economy
Produced by the government
Of products produced by a given industry
Micro economics deals with
Theory of cost
Theory of production
Factor pricing
All the above
Human wants or desires are
Limited
Unlimited
Resource and Allocated
Scarce
Macro Economics deals with
The behaviour of the electronics industry
Economic Aggregates
The behaviour of firms
The activities of individual units
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Adam Smith
Robbins
Samuelson
Economics is the study of
Production technology
Consumption decision
How society decides what, how and far whom to produce
The best way to run society
Growth definition by Samuelson has
An element of time in its
Touches about economic growth and welfare concepts
Talks about the problem of scarcity of resources
Micro economics is concerned with
The economy as a whole
The electronics industry
The study of individual economic behaviour
The interactions within the entire economy
Positive economics is based on
Cause and effect of facts
Ethics
Value judgements
All of the above
