a) Distinguish between the following terms i) Microeconomics and macroeconomics ii) Positive and normative economics 2 Marks 2 Marks b) Using a production possibility curve, explain the concepts of scarcity and choice 5 marks c) Differentiate between perfectly competitive markets and monopolistic ...

a i Microeconomics deals with the study of individual economic units such as households firms and industries It focuses on the behavior of individuals ...

a) Distinguish between the following terms: i) Microeconomics and macroeconomics. ii) Positive and normative economics. [2...

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Cambridge International AS And A Level Economics Coursebook

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a) Distinguish between the following terms: i) Microeconomics and macroeconomics. ii) Positive and normative economics. [2...

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Cambridge International AS And A Level Economics Coursebook

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