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  • Question 1
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    In a . we study a phenomenon as it exists.

  • Question 2
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    Who of the following treated Economics as normative science?

  • Question 3
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    Which of the following bundles of goods could not be produced with the resources the economy currently has?

  • Question 4
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    Which of the following is normative statement?

  • Question 5
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    Micro and Macro economics were coined by ______ during the twenties, and since then they are frequently used by economists for economic analysis.

  • Question 6
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    Which point on the PPF shows a "Productively efficient" level of output?

  • Question 7
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    Which of the following clearly represents a movement toward greater productive efficiency?

  • Question 8
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    Micro and macro are not two independent approaches to economic analysis but they are complimentary to each other.

  • Question 9
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    Which of the following deals with things as they ought to be?

  • Question 10
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    What is the opportunity cost of moving from point A to point B?

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