Introduction to micro and macro economics UE Past Papers Questions.


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(2856) Question Category: True OR False

Points outside the production possibilities frontier are attainable but inefficient

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(2857) Question Category: True OR False

An advance in production techn ology would cause the production possibilities curve to shift outward

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(2858) Question Category: True OR False

Macroeconomics is concerned with the study of how households and firms make decisions and how they interact in specific markets

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(2859) Question Category: True OR False

A perfect competitive market consists of products that are all slightly different from one another

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(2860) Question Category: True OR False

Economics always make realistic assumptions to simplify analysis

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