1. As per the old economists, economics means ____

A) Business management
B) Society management
C) House management
D) Human management



2. Wants can be satisfied by the consumption of ____, are economic wants.

A) Goods
B) Services
C) Goods and services
D) None of above



3. The task of economic science is to-

A) Save the earth from the overuse of natural resources
B) Help us to understand how the economic world works
C) Tell us what is good for us
D) Make moral choices about things like drugs



4. The nature of economic problems and their solutions is closely linked with the ____ of the economic system.

A) Structure
B) Progress
C) Development
D) All of above



5. The ____ of the discipline of economics is to study the working of an economy and the issues by it.

A) Secondary task
B) Primary task
C) Both (A) & (B)
D) Neither (A) nor (B)