nsmsh.netGRACEtasks' Study & Test System
Standard Questions with Answers

Book/Paper Chapter
Note
Mark to
ID  Question  AnswerMark


20101
What is meant by Economics?

 2


20102
Define microeconomics.
 2


20103
What are goods? and What are Services?

 2


20104<span style="font-size: 13.3333px;">Distinguish goods from services<br />
<...
 2


20105
Name the types of utility.
 2


20106
Define positive economics
 2


20107
Give the meaning of deductive method.
 2


20108
Explain the scarcity definition of Economics and assess it.
 3


20109<span style="font-size: 13.3333px;">What are the crucial decisions involving ‘what i...  3


20110
Explain different types of economic activities.
 3
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