1.Economics is best described as the study of .....
2. One major feature that makes economics a social science is that
3. The term scarcity in economics implies that
5.Which of the following best illustrates scal of preference?
6. The question "what to produce?arise because
7.A society decides how to produce goods mainly to
8.Which of the following system emphasis private ownership of resources?
9.The main tools if economics analysis includes
10.A table that shows the relationship between two economic variables is called a
11.The primary aim of economic analysis is to
12.Production can best be defined as
13.Which of the following is not a factor of production?
14.The reward for capital as a factor of production is
15.which of the following statement about labour is true
16.Who is regarded as the Father of Modern economics
17.The study of economics which deals with smaller units or component is called
18.The central problem of economics is
19.The alternative forgone in making a choice is called
20.A system of selecting or choosing one out of a number of alternatives is called
