Introduction to economics

Question 1 of 10

A point inside a production possibility curve shows

Question 2 of 10

Normative economics deals with

Question 3 of 10

The three basic questions every economy must answer are what to produce, how to produce and

Question 4 of 10

Economics is described as a social science because it

Question 5 of 10

Scale of preference is

Question 6 of 10

A student chooses to buy a textbook instead of a pair of shoes. The shoes are the

Question 7 of 10

The opportunity cost of attending SHS for a 16-year-old might be

Question 8 of 10

The questions "what to produce, how to produce and for whom to produce" are the

Question 9 of 10

Which is a free good?

Question 10 of 10

Choice in economics arises because of