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Question Practice

An example of a positive economic theory is:

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

An example of a positive econo...

Single Answer MCQ
Q-00089242

An example of a positive economic theory is:

1

Inflation should be controlled to enhance economic growth.

2

Increased government spending can boost employment.

3

Scarcity forces consumers to make choices.

4

The government ought to intervene in market failures.

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What is meant by 'scarcity' in economics?

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Q3.

Which decision-making unit primarily uses resources to produce goods and services in an economy?

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Q4.

In a simple economy, why might a family farm decide to grow less corn?

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