Microeconomics deals primarily with:
A) Comparative statics, general equilibrium and positive economics
B) Comparative statics, partial equilibrium and normative economics
C) Dynamics, partial equilibrium and positive economics
D) Comparative statics, partial equilibrium and positive economics.
Correct Answer:
Verified
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
Q14: Micro economic theory studies how a free
Q15: Which aspect of taxation involves normative economics?
A)The
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
Q20: The subject matter of economics is the
Q21: To whom do you attribute the 'growth'
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