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Home Questions EXGSCCPDHX
Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Match the following:

1. Micro economics A. Aggregate demand and supply
2. Macro economics B. Below PPC
3. Attainable combinations C. Individual firm
4. Unattainable combinations D. Beyond PPC
Options:

1-C, 2-B, 3-A, 4-D

1-C, 2-A, 3-B, 4-D

1-C, 2-D, 3-B, 4-A

1-D, 2-A, 3-B, 4-C

Correct Answer:

1-C, 2-A, 3-B, 4-D

Explanation:

Microeconomics deal with the economic problems of the individual firm, households etc, whereas, macroeconomics deals with economy as a whole. Some of the variables of macroeconomics are aggregate demand and aggregate supply. 

All the points below and on the PPC are called attainable combinations, whereas, all the points beyond the PPC are called unattainable combinations.

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