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Question
From the set of statements given in Column I and Column II, choose correct pair of statements.
| Column I | Column II |
| A Microeconomics | (i) Study the aggregate of the economy as a whole |
| B Resources | (ii) Demand is limited in relation to supply |
| C Positive economics | (iii) How economic problems are actually solved |
| D Economics | (iv) Provides people with the means to work |
Alternatives:
Options
A - (i)
B - (ii)
C - (iii)
D - (iv)
MCQ
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Solution
C - (iii)
Explanation:
Positive economics studies economic problems and how they are actually solved. (i) describes macroeconomics, (ii) reverses the scarcity relationship, and (iv) describes an economy rather than economics.
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