1. A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of-

A) Macro economics
B) Micro economics
C) Individual economics
D) Household economics



2. As per ___, Economics is being regarded as â??an engine of social bettermentâ?.

A) Wealth definitions
B) Welfare definitions
C) Both A and B
D) None of above



3. â??Economics is the science, which studies human behaviours as a relationship between ___ which have alternative uses.â?

A) Ends
B) Scarce means
C) Ends and unlimited means
D) Ends and scarce means



4. Macro economics is the study of___

A) All aspects of scarcity
B) The national economy and the global economy as a whole
C) Big business
D) The decisions of individual businesses and people



5. Which of the following is positive statement?

A) Wage rate in Satara should be Rs. 500 per day
B) Wage rate in Satara in Rs 500 per day
C) tax should be reduced
D) What should be the level of national income?