You have completed your quiz attempt. You have scored 9 point(s).

Question Results
Score 1.00 of 1

1. Integration of Business Economics and Strategic Planning is Managerial

Economics.
True

False
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2. Optimum utilization of resources is not part of Economics.

True
False

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3. Managerial Economics is both knowledge-acquiring and knowledgeapplying concept.

True

False
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4. Wants are classified as needs.

True
False

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5. Unlimited wants and limited resources lead to scarcity.

True

False
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6. Microeconomics deals with aggregate economy.

True
False

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7. Opportunity cost is next best alternative sacrificed.

True

False
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8. Economic models do not have to completely describe every

aspect of the economy in order to be
useful.
True

False
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9. Macroeconomics focuses on the behavior of economic agents,

such as the consumer, a business firm, or a specific market.
True
False