TN State HSC - Arts Group :

1. The author of wealth definition is :

A.

B.

C.

D.

2. The author of scarcity definition is

A.

B.

C.

D.

3. The concept of Net Economic Welfare has been given by

A.

B.

C.

D.

4. Economics is a

A.

B.

C.

D.

5. In economics, we make use of

A.

B.

C.

D.

6. The basic economic problems are common to

A.

B.

C.

D.

7. Traditional economy is a

A.

B.

C.

D.

8. The basic force that drives the capitalist economy is

A.

B.

C.

D.

9. In a socialist economy, all decisions regarding production and distribution are taken by :

A.

B.

C.

D.

10. Redtapism and corruption lead to

A.

B.

C.

D.

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