Micro means __________.

(a)

Large

(b)

Big

(c)

Small

(d)

Both 'a' and 'b'

Macro economics is also known as __________.

(a)

Price theory

(b)

Income theory

(c)

Business cycle

(d)

Poverty and unemployment

Father of socialism _________.

(a)

Adamsmith

(b)

J.M. Keynes

(c)

Karl Marx

(d)

J.R. Hicks

_________ sector sells the entire output to house holds.

(a)

Firm

(b)

House hold

(c)

Government

(d)

Foreign trade

________ is a combination of both capitalism and socialism.

(a)

Socialistic economy

(b)

Capitalistic economy

(c)

Traditional economy

(d)

Mixed economy