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Economics · May / June 2020 · Paper 12 · Question 4

2281The nature of the basic economic problem

Microeconomics analyses choices in various situations. Which area of economic study does it not include?

  1. Acosts and revenues of a firm
  2. Bindividual consumer behaviour
  3. Cpolicies for economic growth
  4. Dwages for different occupations

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Correct answer: C. policies for economic growth

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