The meaning of the word 'economic' is most closely associated with the word:
A) free
B) scarce
C) unlimited
D) unrestricted
Correct Answer:
Verified
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
Q20: Which of the following is incorrect?
A)microeconomics is
Q21: Which of the following statements is most
Q23: Microeconomics studies the decision making behavior of:
A)society
Q24: The word micro was first used in
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