Exam (elaborations)
Micro Economics Edexcel A level Questions & Answers 100% Correct!
- Module
- Institution
What are the four assumptions of micro economics? - ANSWERSRational Consumers, perfectly competitive market, average consumer, ceteris paribus What is a positive statement? - ANSWERSa statement that can be tested and validated What is a normative statement? - ANSWERSan opinion, a value judgem...
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