Which of the following is incorrect?
A) microeconomics is concerned primarily with the problem of what , how and for whom to produce
B) microeconomics is concerned primarily with the economic behavior of individual decision making units when at equilibrium
C) microeconomics is concerned primarily with the time path and processes by which one equilibrium position evolves into another
D) microeconomics is concerned primarily with comparative statics rather than dynamics.
Correct Answer:
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Q14: What is true for deductive method?
A)abstract
B)realistic
C)economic conditions
Q15: What is true for inductive method?
A)hypothetical
B)empirical
C)ignores experimentation
D)static
Q16: Find out the correct statement:
A)prediction of economic
Q17: Micro economic theory studies how a free
Q18: Which aspect of taxation involves normative economics?
A)the
Q19: Microeconomics deals primarily with:
A)comparative statics, general equilibrium
Q21: Which of the following statements is most
Q22: The meaning of the word 'economic' is
Q23: Microeconomics studies the decision making behavior of:
A)society
Q24: The word micro was first used in
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