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Unequal distribution of income is an important feature of which type of economic system?
The principle reasons behind economic problems_________
What are the basic economic questions society has to answer?
Opportunity cost is measured in terms of the
Managerial Economics is
Managerial economics is close to
What does “Capitalism” refer to?
What can happen in a planned economy that does not happen in a market economy?
In a mixed economy, resources are used as a result of
Which of the following is the central problem of an economy?
Which one is the advantage of the command economy?
Managerial economics analyses the problems of the firms in the perspective of the economy as a whole. Managerial Economics is
Microeconomics is not concerned with the behaviour of:
Economics is the study of ……….
Which of the following is the best definition of managerial economics? Managerial economics is
Which of the following is NOT a type of economic system?
What two factors contribute to scarcity?
Who determines prices in a capitalist economy?
Basic economic tools of managerial economics include
In a market economy, what is the government’s role?