Subject matter of economics questions | form five Economics
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(3058) Question Category: Long answers Discuss the meaning of the concept of opportunity cost. illustrate the concept with practical examples. Answer / Solution UNSOLVED |
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(3059) Question Category: Short answers Economics is concerned only with goods which have exchange value. Explain what properties must such goods posses? Answer / Solution UNSOLVED |
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(3060) Question Category: Long answers Leonel Robbins has defined economics as “A science which studies human behavior as a relationship between ends and scarce means which have alterative uses” Explain why this definition is NOT the only definition of Economics. Answer / Solution UNSOLVED |
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(3061) Question Category: Short answers What is the main problem of economics and how do human societies try to solve this problem? Answer / Solution UNSOLVED |
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(3062) Question Category: Short answers Differentiate microeconomics from macroeconomics. Answer / Solution UNSOLVED |
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