1. Micro and Macro are not two independent approaches to economic analysis but they are complementary to each other.

A) false
B) True
C) Partly true
D) Partly false



2. Capital intensive technique would get chosen in a___.

A) Labour surplus economy
B) Capital surplus economy
C) Developed economy
D) Developing economy



3. Consumer sovereignty is a feature of __

A) Socialist economic system
B) Capitalist economic system
C) Prefect competition
D) All of above



4. Labour intensive technique would get chosen in a ___

A) Labour surplus economy
B) Capital surplus economy
C) Developed economy
D) Developing economy



5. Features of capitalist economic system is/are:____

A) Inequalities of incomes
B) Consumer sovereignty
C) Limited role of government
D) All the above