Match List - I with List - II.
|
List - I Term |
List - II Meaning |
||
|
A. |
Scarcity |
I. |
The act of using goods and services to satisfy want |
|
B. |
Consumption |
II. |
The total amount of output in the economy |
|
C. |
Macroeconomics |
III. |
The excess of human wants over what can actually be produced to fulfill their wants. |
|
D. |
Aggregate demand |
IV. |
The branch of economics that studies economic aggregate the overall level of prices, output and employment in the economy. |
Choose the correct answer from the options given below:
1
A - I, B - II, C - III, D - IV
2
A - III, B - IV, C - I, D - I
3
A - III, B - I, C - IV, D - II
4
A - IV, B - III, C - II, D - I