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Home Questions XY725SN4KC
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Match List I with List II

List I List II
A. Inflation I. Normative economics
B. Revenue of a firm II. Macro economics
C. Smoking is injurious to health III. Micro economics
D. Smoking should be reduced IV. Positive economics

Choose the correct answer from the options given below :

Options:

A-I, B-II, C-III, D-IV

A-III, B-II, C-IV, D-I

A-IV, B-II, C-IV, D-I

A-II, B-III, C-IV, D-I

Correct Answer:

A-II, B-III, C-IV, D-I

Explanation:

The correct answer is option (4) : A-II, B-III, C-IV, D-I

List I List II
A. Inflation II.Macro economics
B. Revenue of a firm III.Micro economics
C. Smoking is injurious to health IV.Positive economics (A factual statement).
D. Smoking should be reduced I.Normative economics

 

A. Inflation: This is a macroeconomic concept that deals with the overall price level and its changes in an economy. (II - Macroeconomics)
B. Revenue of a firm: This is a microeconomic concept that focuses on the behavior and decision-making of individual firms within an economy. (III - Microeconomics)
C. Smoking is injurious to health: This is a positive statement about the health effects of smoking. Positive statements describe "what is" without value judgments. (IV - Positive Economics)
D. Smoking should be reduced: This is a normative statement suggesting a course of action based on values or beliefs. Normative statements describe "what ought to be." (I - Normative Economics)

 

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