Micro

Introduction

Easy

Which of the following is studied under micro economics?

National Income of a country

Condition of unemployment

Textile industry

Revenue deficit of the country

✅ Correct Option: 3

Microeconomics studies individual units - a consumer, firm, or a specific industry. Among the options, 'Textile industry' is the only individual industry-level study, hence microeconomic. National Income, unemployment, and revenue deficit are economy-wide aggregates studied in macroeconomics.

2023: 30 May Shift 1

__________ gives rise to the problem of choice.

2025: 28 May Shift 2

An economy has to choose one of the many possibilities that it has at given resources. Therefore, the cost that an additional unit of X commodity in terms of the amount of the Y commodity that has to be forgone is called ................ cost.

2026: 13 May Shift 1

The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called?

2025: 15 May Shift 1

Which of the following depicts the central problem of economy, 'How to produce'?

2025: 28 May Shift 2

The book 'An Enquiry into the Nature and Cause of the Wealth of Nations' was published in which of the following year.

2025: 30 May Shift 2

Which statement is not true for Adam Smith?

Which of the following is studied under micro economics?

Solution

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