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    Aale Zainab
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    This document appears to be a syllabus for a microeconomics course held on Wednesdays from 1:30 PM to 4:30 PM. It includes a 10 mark quiz with 4 questions differentiating microeconomics from macroeconomics, positive from normative economics, explaining budget lines and opportunity cost, and listing assumptions of production possibilities models and factors of production.

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    This document appears to be a syllabus for a microeconomics course held on Wednesdays from 1:30 PM to 4:30 PM. It includes a 10 mark quiz with 4 questions differentiating microeconomics from macroeconomics, positive from normative economics, explaining budget lines and opportunity cost, and listing assumptions of production possibilities models and factors of production.

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    © All Rights Reserved
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    3 views1 page

    First Quiz

    Uploaded by

    Aale Zainab
    This document appears to be a syllabus for a microeconomics course held on Wednesdays from 1:30 PM to 4:30 PM. It includes a 10 mark quiz with 4 questions differentiating microeconomics from macroeconomics, positive from normative economics, explaining budget lines and opportunity cost, and listing assumptions of production possibilities models and factors of production.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Micro Economics

    Fall 2023
    WED: 01:30 PM - 04:30 PM
    FIRST QUIZ - 10 MARKS

    QUESTION No.1:
    Differentiate between micro economics and macroeconomics. (3 marks)

    QUESTION No.2:
    Differentiate between positive economics and normative economics. (3 marks)

    QUESTION No.3:
    Briefly explain the following concepts relating to micro economics:
    • Budget line.
    • Opportunity cost. (2 marks)

    QUESTION No.4:
    List down following concepts relating to micro economics:
    • Assumptions of production possibilities model.
    • Factors of production. (2 marks)

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