A. Macroeconomic
B. Micro economic
C. Positive economic
D. Normative economic
Correct Answer: Micro economic ✔
Last Updated: March 28, 2019
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- Meaningful statement about the economic behavior or the economy is called__________?
- An analytic approach in which we move from facts to theory, from a particular to general is called__________?
- A compensation device through which workers receive part of their pay in the form of share of their employer’s profit__________?
- A minimum price which govt. allows seller to receive for a good or service__________?
- A market in which products are sold by firms and bought by households is__________?
- An institution or mechanism which brings together buyers and sellers is called__________?
- The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product__________?
- The percentage of labour force unemployment at any time__________?
- A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return__________?
- The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________?
- An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
- An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities__________?
- A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?
- Legally established maximum price of a good or service__________?
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