Micro economic theory studies how a free enterprise economy determines:
A) The Price of goods
B) The price of services
C) The price of resources
D) All of these.
Correct Answer:
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Q9: Of the following economists who is considered
Q10: Which of the following statements has been
Q11: What is true for deductive method?
A)Abstract
B)Realistic
C)Economic conditions
Q12: What is true for inductive method?
A)Hypothetical
B)Empirical
C)Ignores experimentation
D)Static
Q13: Find out the correct statement:
A)Prediction of economic
Q15: Which aspect of taxation involves normative economics?
A)The
Q16: Microeconomics deals primarily with:
A)Comparative statics, general equilibrium
Q17: The word micro was first used in
Q18: A function refers to :
A)The demand for
Q19: The validity of an economic theory is
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