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	Introduction to Micro Economics Interview Questions & Answers Below we have listed all the Introduction to Micro Economics Interview Questions and answers. Feel free to comment on any Introduction to Micro Economics Interview Questions or answer by the comment feature available on the page. To buy an eBook containing 30,000 Interview Questions, with Answers, Click Here. View All Introduction to Micro Economics Interview Questions & Answers - Exam Mode / Learning Mode
Introduction to Micro Economics Interview Questions & Answers
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

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A free market economy's driving force is: a)Profit motive b)Welfare of the people c)Rising income and levels of living d)None of the above		View Answer
Which of these is an example of macro economics? (a) overall conditions of economy. (b) total production. (c) economic behavior of large aggregates. (d) All of above.		View Answer
Under inductive method logic proceeds from: a)General to particular b)Positive to normative c)Normative to positive d)Particular to general		View Answer
Mixed economy means: a)All economic decisions are taken by central authority b)All economic decisions are taken by private entrepreneurs c)Economic decisions are partly taken by the state and partly by private entrepreneurs d)None of these		View Answer
Micro economics is concerned with: a)Consumer behaviour b)Product pricing c)Factor pricing d)All of the above		View Answer
In inductive method, logic proceeds from: a)General to particular b)Particular to general c)Both (a) and (b) d)None of these		View Answer
Mixed economy means: a)Co-existence of small and large industries b)Promoting both agriculture and industries in the economy c)Co-existence of rich and poor d)Co-existence of public and private sectors		View Answer
Production Possibility Curve is also known as: a)Demand Curve b)Transformation Curve c)Supply Curve d)Indifference Curve		View Answer
What is cut-off frequency?		View Answer
Who gave the positive aspect of science? a)Alfred Marshall b)A.C. Pigou c)Adam Smith d)Robbins		View Answer
A study of how increase in the corporate income tax rate will affect the natural unemployment rate is an example of: a)Macro Economics b)Descriptive Economics b)Micro Economics d)Normative Economics		View Answer
Which of these would cause a rightward shift of the PPC curve? a)Improvement in technology b)Greater capital formation c)Increase in population d)All of these		View Answer
The branch of economic theory that deals with the problem of optimum utilization of resources is called? a)Micro Economics a)Analytics a)Finance a)International Business		View Answer
Which one is not the characteristic of capitalist economy? a)Profit motive b)Income inequality c)Free employment d)Collective ownership		View Answer
A system of economy in which all the means of production are owned and contributed by the private individuals for the purpose of profit, is called: a)Socialist economy b)Capitalist economy c)Mixed economy d)All of the above		View Answer
Micro economics is also known as_______: a)Public economics b)Price theory c)Income theory d)Demand theory		View Answer
Under inductive method , the logic proceeds from: a)General to particulars b)Particular to general c)Both (a) and (b) d)None		View Answer
Which one in the following is not correct? a)There are limited wants b)Means are scarce c)Resources have alternative uses d)Economics is science		View Answer
Economics is neutral between ends. The statement is given by: a)L. Robbins b)Mrs. Joan c)Alfred Marshall d)A.C. Pigeon		View Answer
Explain the process of calculating the planned activity output through Long term planning?		View Answer