MABS Institution
11th Economics Weekly Test - 1 (Introduction to Micro Economics)-Aug 2020
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Define Positive economics
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What is meant by 'normative science'?
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What are the methods adopted to derive economic generalization in Inductive Method?
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What are the important features of Marshall's Welfare definition?
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What are the importance of micro economics?
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Explain the importance of microeconomics.
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Explain deductive method of economics.
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Distinguish between Inductive and deductive method?
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Explain the different types of utility.
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What are the basic Economic problems? Explain.
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Explain various divisions of Economics.
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Explain the wealth definition given by Adam Smith
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