Economics studies decision making by a single individual.
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Q60: A model (or theory):
A) is a statement
Q61: Which of the following is an example
Q61: Select the normative statement that completes the
Q62: 'It is not fair to increase the
Q63: The first step is to define the
Q64: Normative statements:
A) are dealing with facts.
B) express
Q67: Land resource includes farming land, forestry and
Q68: Scarcity means that rich people are able
Q70: Scarcity means that it is impossible to
Q153: Policies to determine the price of troll
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