Multiple Choice
Which of the following is incorrect?
A) microeconomics is concerned primarily with the problem of what , how and for whom to produce
B) microeconomics is concerned primarily with the economic behavior of individual decision making units when at equilibrium
C) microeconomics is concerned primarily with the time path and processes by which one equilibrium position evolves into another
D) microeconomics is concerned primarily with comparative statics rather than dynamics.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Which one of the following definition of
Q9: State whether Economics is :<br>A)a positive science
Q10: Which of the following embodies a more
Q11: Microeconomics deals primarily with:<br>A)comparative statics, general equilibrium
Q12: What is true for deductive method?<br>A)abstract<br>B)realistic<br>C)economic conditions
Q14: Which of the following statements has been
Q15: Which of the following statements is most
Q16: A hypothesis is tested by:<br>A)the realism of
Q17: The curve showing the possibilities of production
Q18: Production possibilities curve does not show:<br>A)what to