Microeconomics deals with the aggregate economic variable of an economy.
Answer: B
False
The capitalist economy works for social welfare.
Answer: B
False
The domestic country may buy goods from the rest of the world. It is called exports.
Answer: B
False
The domestic country may sell goods to the rest of the world. It is called imports.
Answer: B
False
The expenses which raise productive capacity are known as investment expenditure.
Answer: A
True
Capital, land, labour, and entrepreneur are the factors of production.
Answer: A
True
The mother of all economic problems is _________
Answer: A
scarcity
Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
Answer: D
(D) Macroeconomics
Who is known as the father of modern macroeconomics?
Answer: B
(B) J. M. Keynes