Microeconomics

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What Are the 3 Basic Problems of Economics?

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What Are the Three Main Concepts of Microeconomics?

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What Is the Importance of Microeconomics and Macroeconomics?

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What Is Microeconomics? Give Two Examples.

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What Are the Elements of Microeconomics?

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What Are the 7 Principles of Microeconomics?

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How Did Adam Smith Define Economics?

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What Is the Difference Between Micro and Macro Economics?

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Micro Economics Is Concerned With_____

Q. Distinguish between Micro Economics and Macro Economics.

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What Is the Meaning of Micro and Macro Economics?

Q. What is the importance of studying micro economics?

Q. Give reasons.
Assumptions of microeconomics are unrealistic.

Q. _____ is not a subject matter of micro economics.

1. Consumer behaviour
2. Factor pricing
3. Effect on supply position due to reduction in market price
4. Unfavourable gender ratio

Q. Which of the following is not an macroeconomics agent?

1. Central Bank
2. Government
3. Individual
4. Government of other countries

Q. The study of microeconomics includes the study of _______.

1. output and employment growth as markets expand in reaction to a rising price level in the economy
2. how firms, workers, consumers, and investors interact and make decisions in the marketplace.
3. the number of new jobs and income created as the economy grows.
4. business investment and government spending in the marketplace.

Q. Which economics deals with the study of behaviour of individual decision making units?

1. Macroeconomics
2. Microeconomics
3. Wealth economics
4. Monetary economics

Q. Micro economics theory deals with ___________.

1. trade relations of competitors
2. economic behavior of individual economic decision making units
3. fiscal decision of central bank
4. economic growth of the society

Q. Answer the following in details.
Explain the meaning of Micro Economics with the help of few important definitions.

Q. The study of the behaviour of firms, individual markets, and household is called ___________.

1. national economics
2. positive economics
3. macroeconomics
4. microeconomics

Q. Give Reasons.
Micro Economics deal with the study of individual units

Q.

What Is an Example of Microeconomics?

Q. Define or Explain the Concepts.
Microeconomics

Q. Which of the following is not a variable of micro economics?

1. Marginal utility of goods to consumers
2. Equilibrium price in a market
3. Supply curve of individual firm
4. National income

Q.

Q. State the features of Micro-Economics.

Q. The main field of social science of economics is ____________.

1. microeconomics
2. macroeconomics
3. inflation
4. none of the above

Q. Why is there a need for a separate theory of macroeconomics?

Q. Micro-Economics is the study of behaviour of ____________.

1. multiple units
2. individual units
3. large aggregates
4. none of the above