Micro

Introduction

Easy

Identify the correct statements in respect to microeconomic theories?

Here we try to study the behaviour of aggregates.

Here we study the behaviour of individual economic agents in the markets.

Here we study the employment scenario in the economy.

Here we try to figure out how prices and change in money supply determine.

✅ Correct Option: 2

Microeconomics studies the behaviour of individual economic agents, such as consumers and firms, in the markets for different goods and services. Studying aggregates, economy-wide employment, and the general price level or money supply are concerns of macroeconomics, so options 1, 3 and 4 are wrong.

2026: 31 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Public Good	I.	Excludable and Rivalary
B. Private Good	II.	Beneficial and detrimental effects of one economic unit upon other
C. Externality	III.	Non-excludable and Non-rivalary
D. Mixed economy	IV.	Co-existence of public sector and private sector

Choose the correct answer from the options given below:

2025: 30 May Shift 1

The problem 'For whom to produce' is basically concerned with _______.

2025: 29 May Shift 1

Positive Economics deals with_______________

2025: 28 May Shift 1

A point outside the Production Possibility Curve represents:

A combination of goods can be produced but resources are underutilized.
A combination of goods can be produced, and the resources are fully utilized.
A combination of goods can not be produced as it is beyond the capacity of the economy.
A combination of goods can be produced and resources are appropriately utilized.

2025: 22 May Shift 2

suppose an individual with same working condition got three alternative job in his hand he has selected the best and need to forgone the next best alternative. Identify the indicated cost in the aforesaid statement.

2023: 20 June Shift 1

Which statement is not related to Normative Economics?

Identify the correct statements in respect to microeconomic theories?

Solution

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CUET Economics Past Year Questions (Topic-Wise)