Nature of Economics

What is the primary concern of economics?

Which of the following best defines 'opportunity cost'?

Economics is often called a 'social science' because:

Which of the following is NOT a feature of economics?

In the Indian context, which of the following is an example of scarcity?

Which branch of economics deals with aggregate economic variables like national income and inflation?

The Production Possibility Curve (PPC) illustrates:

Which of the following statements about economics is TRUE?

If an Indian farmer decides to grow wheat instead of sugarcane on his land, the opportunity cost is:

Which of the following best explains why economics is called a 'normative' as well as a 'positive' science?