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Questions and Answers
Which of the following is an example of a microeconomic concept?
Which of the following is an example of a microeconomic concept?
- Market demand (correct)
- Inflation
- Gross Domestic Product (GDP)
- Fiscal policy
What is the main concern of microeconomics?
What is the main concern of microeconomics?
- The overall performance of the economy
- Government policies
- The behavior of individual consumers (correct)
- Macroeconomic indicators
Which of the following is a key assumption in microeconomic analysis?
Which of the following is a key assumption in microeconomic analysis?
- Government intervention in all markets
- Limited consumer choices
- Perfect competition in all markets (correct)
- High level of unemployment
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