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Effects of an Open Economy

As per "Robbi...

Question

As per "Robbins" economics is the study ____________.

A

which takes care of the wants of man

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B

ways to satisfy the wants of man

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C

collection of wealth to take care of wants of man

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D

both a & b

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Solution

The correct option is D both a & b
Robbins in his study of economics focused on the needs of individual at micro level. He emphasized on consumer's and producer's behaviour and how it influences the market to satisfy their needs.

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