Tamil Nadu HSC (Class 12) Introduction to Macro Economics — practice questions
15 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Tamil Nadu HSC (Class 12) Introduction to Macro Economics in the app →Who coined the words 'micro' and 'macro' in economics, in the year 1933?Who is regarded as the Father of Modern Macro Economics?Who is referred to as the Father of Capitalism?Who is identified as the Father of Socialism?Macro economics is best described as the study of:The word 'Macro' is derived from a Greek word meaning:Which of the following is a flow variable rather than a stock variable?The two sectors in a two-sector circular flow model are:Which circular flow model represents an open economy, and what is its income identity?The three-sector circular flow model represents which kind of economy?In a capitalist economy, which mechanism does the textbook describe as the heart of the system?The limitation of macro economics captured by the phrase 'what is good for an individual need not be good for A socialist economy is also known by which other names?Globalism, the ideology connecting nations through international trade, is also termed:In the circular flow diagram, what do the outer and inner circles respectively represent?