Advertisements
Advertisements
Question
Find the odd word
Features of Microeconomics
Options
Price theory
Slicing method
Limited scope
Lumping method
Solution
Lumping method
RELATED QUESTIONS
Identify and explain the concept from the given illustration:
Gauri collected the information about the income of a particular firm.
Scope of micro economics.
- Theory of Product Pricing
- Theory of Growth and Development
- Theory of General Price Level and Inflation
- Theory of Income and Employment
Branch of economics that deals with small part of national economy −
Assertion (A): Micro-economics uses slicing method.
Reasoning (R): Slicing method is the study of the whole economy rather than its part.
Identify & explain the concept from the given illustration.
Mala collected information about the income and expenditure of twenty five families from her locality.
Distinguish Between
Slicing method and Lumping method
Explain the scope of microeconomics
‘Economics is a study of mankind in the ordinary business of life’ -It is the statement of
Which of the following is a microeconomics statement?
Which theory is generally included under micro economics?
Define microeconomics.
______ is a branch of economics that studies the economic variables at an individual level.
The method of partial equilibrium is used in ______
Which of the following theories are studied in microeconomics?
Microeconomics was Popularised by ______
Which of the following variables are involved in microeconomics?
How does Robbins define Economics?
Which of the following topic is not covered under microeconomics?
Which of the following is a limitation of microeconomics?
The word 'Economics' was derived from two words, ______ and ______
- Assertion (A): Microeconomics is a small part of the national economy.
- Reasoning (R): Microeconomics divides the economy into small units.
Complete the correlation:
Macro-Economic Theory : Income and Employment :: Micro Economics : ______
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Statements that are correct in relation to microeconomics:
- Microeconomics is concerned with the study of individual economic units.
- Microeconomics uses lumping method.
- Microeconomics provides basis for the conditions of economic welfare.
- Microeconomics studies the determination of the general price level.
Give an economic term:
The economic variables of micro quantities.
Give an economic term:
Factor payment received by an entrepreneur in the form of money.
Find the odd word out:
Microeconomic variables:
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
