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Choose the correct answer only without explanation A fall in the price of a good in production.3 leads to an increase in the supply of
Choose the correct answer only without explanation
A fall in the price of a good in production.3 leads to an increase in the supply of its (2 ) Normal goods O Inferior goods Substitutes Complements Most of the government policies aim either. 4 to enlarge the ..... .or to change how the pie is Choose the answer that is respectively .suitable 2) (2 ) Economic Pie, divided Market, undivided O Both of the above o None of the above Efficient choice of production possibilities .5 frontier is exactly ..the .frontier (2 (2 ) within o beyond O. on or within o None of the above O Impossible choices of production .6 possibilities become possible when the choices are.......... ..... the frontier and inefficient ones become efficient when the choices are.. the frontier respectively (2) On or within, within O within, on Beyond, on O. On or within, on How does knowledge of microeconomics. 7 ?help government (2 ) Make satisfying choices O Make profitable decisions Make public policies Establish business organizations If the price of a good is expected to rise in .8 the future, the current demand for the good increases. Why? Choose the most suitable option 2 (2 ) Consumers resist price increase Consumers get future credit O Consumers fear present rise in price Consumers like to take price advantage Which markets in the circular flow diagram.9 the households are buyers and sellers ?respectively in : 2) Markets for good and services and markets for factors of production Markets for factors of production and markets for revenue Markets for wages and markets for goods and services Markets for factors of production and markets for goods and services Unemployment rate and wages in the oil. 10 industry are examples of ............and ..respectively (2 ) Demand and supply o Employment and Inflation Micro and macroeconomics Macro and micro economics O is not a primary..... .11 ? concern of microeconomics 2 (2 ) Apartment rents Price of medical care o Rate of inflation None of these o The larger the population, the greater is. 12 ?the demand for all goods. Why 2 (2 ) Reasonable price Increased competition O Increased communication None of these
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