Most of the ________ economic theories are based on certain assumptions.

micro

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macro

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mixed

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capital

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Solution

The correct option is A micro
Micro economic theories are based on certain assumptions because it presumes that certain conditions are to be fulfilled, for instance, conditions of full employment, pure capitalization, perfect competition etc. It is based on the assumption 'Ceteris Peribus' which means other things to be constant.

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