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Microeconomics Quiz

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Questions and Answers

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?

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?

Government intervention in all markets

Limited consumer choices

Perfect competition in all markets (correct)

High level of unemployment

Microeconomics Quiz

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Questions and Answers

Which of the following is an example of a microeconomic concept?

What is the main concern of microeconomics?

Which of the following is a key assumption in microeconomic analysis?

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