Capital intensive technique is the method of using
More labour and less Capital
More Capital and less Labour
More Capital and More Labour
More labour and More capital
Microeconomics is also called
Economic theory
Price theory
Demand theory
Supply theory
Another name for production possibility curve is
Transformation curve
Marginal Productivity curve
Indifference curve
Supply curve
Economic problem arises because of
Abundance of resources
Scarcity of resources
Alternative use of resources
Not using resources
The branch of microeconomics which deals with efficiency in production and distribution is called
Welfare economics
Positive economics
Normative economics
Macro economics
How to produce is a question relating to
Choice of techniques of production
Distribution of output produced
Growth of resources
Distribution of input produced
By economizing resources we mean:
Using less resources
Making the best use of resources
Using more resources
The father of economics is
Alfred Marshall
Adam Smith
Robbins
Samuelson
Economic problem arises in
All types of economies
Poor economies
Rich economies
Capital economy
What to produce is a question of
Efficient use of resources
Allocation of resources
Resources
