1) Macro Economics is also known as

2) The book ' An Enquiry into the nature and Causes of Wealth of Nations ' is written by

3) The reward for entrepreneurship is

4) The term 'invisible hand' is the contribution of

5) All the central economic problems in a capitalist economy is solved by

6) The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called

7) The book ‘An Enquiry into the Nature and Causes of Wealth of Nations’ was published

9) For whom to produce implies

10) As a result of liberalisation policy, inflow of foreign capital has increased. What is its impact on Production Possibility Curve

11) Opportunity cost is

12) Lionel Robins was a

13) State the economic terms. The allocations of scarce resources and the distribution of the final goods and services.

14) What is the usual shape of a production possibility curve?

15) Under Socialist Economic System central problems are solved by

16) Under labour intensive production technique more of

17)  Reasons for economic problems in an economy

18) Locus of combinations of two goods which an economy can produce with the available resources and the given level of technology is called

19) In the below given diagram, point 'c' means

20) When marginal Opportunity Cost is decreased, shape of Production Possibility curve will be