Q1 of 20 Page 213

Fill in the blanks with suitable words:

Micro Economics is the study of units.

Small and/or individual units

Micro economics is the study of how individual units make a decision, to use scarce resources to satisfy needs and wants.


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1

Fill in the blanks with suitable words:

The basic economic problems of every individual is ________ and __________ .

 1

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The activities that generate income are _____________ .

 1

Fill in the blanks with suitable words:

Macro Economics is the study of units.

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What is Economics?