100+ World Economy Objective Type Questions and Answers - 2
Question: 6
The wealth may be classified into _____ kinds.
(A) 2
(B) 3
(C) 4
(D) 5
Ans: C
4
Question: 7
_____ is the science of state.
(A) Statistics
(B) Sociology
(C) Politics
(D) History
Ans: C
Politics
Question: 8
The capitalist economy is also called _____ economy.
(A) Mixed
(B) Market
(C) Planned
(D) Command
Ans: B
Market
Question: 9
Economic is the science of making choice under conditions of _____
(A) Materials
(B) Growth
(C) Wants
(D) Scarcity
Ans: D
Scarcity
Question: 10
All decisions regarding production and distribution are taken by the _____ in socialist economy.
(A) Market forces
(B) Planning authority
(C) Society
(D) Private
Ans: B
Planning authority
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