Microeconomics would consider questions such as what goods are going to be produced.
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Q24: Scarcity occurs because incomes are not allocated
Q25: Inputs are often called factors of production.
Q26: Capital goods are products which are owned
Q27: A reduction in supply will normally reduce
Q28: Governments only ever intervene in the economy
Q30: The total amount of output in the
Q31: The total of consumer spending in the
Q32: In the 'circular flow of income' model,
Q33: In the 'circular flow of income' model,
Q34: Rational decision- making involves computer- assisted mediation.
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