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Choose the correct option: Method adopted in micro economic analysis. a) Lumping method b) Aggregative method c) Slicing method d) Inclusive method - Economics

MCQ

Choose the correct option:

Method adopted in micro economic analysis.

a) Lumping method

b) Aggregative method

c) Slicing method

d) Inclusive method

Options

  • a, c and d

  • a, b and d

  • only c

  • only a

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Solution

only c

The method adopted in micro economic analysis is Slicing method. Microeconomics is the study of behaviour of individual units in the economy. For this purpose, the entire economy is sliced, i.e. divided into several smaller/individual units, and each unit is then analyzed in detail.

Concept: Introduction to Micro Economics
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Micro and Macro Economics
Exercise | Q 1. (3) | Page 7
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