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Class XII Microeconomics Quiz

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Questions and Answers

Which method is adopted in microeconomics for analysis?

Lumping method (correct)

Slicing method

Aggregative method

Inclusive method

Which are the factors of production in economics?

Labour

Land

Capital (correct)

Profit

Which concepts are studied under macroeconomics?

Economic development (correct)

Aggregate supply

Whole economy

Product pricing

Which is the odd word out?

<p>Investment Function, Factor</p> Signup and view all the answers

Distinguish between Microeconomics and Macroeconomics.

<p>Microeconomics focuses on individual markets, while Macroeconomics studies the entire economy</p> Signup and view all the answers

Class XII Microeconomics Quiz

Choose a study mode

Podcast

Questions and Answers

Which method is adopted in microeconomics for analysis?

Which are the factors of production in economics?

Which concepts are studied under macroeconomics?

Which is the odd word out?

Distinguish between Microeconomics and Macroeconomics.

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