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Home Questions 9GX5JD47PJ
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Match column 1 with appropriate terms in column 2.

 

Column 1 Column 2
 i.Micro a. Large
ii. Macro b. Small
iii. Economic agent c. Firms
iv. Equilibrium d. Supply equal demand





Options:

i-a, ii-b, iii-c, iv-d

i-b, ii-a, iii-c, iv-d

i-a, ii-b, iii-d, iv-c

i-b, ii-a, iii-d, iv-c

Correct Answer:

i-b, ii-a, iii-c, iv-d

Explanation:

Micro means small. Macro means large. Economic agents are units which take economic decisions like firms, consumers, banks and government. A market is in equilibrium when market demand is equal to market supply.

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