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State Whether the Following Statements Are True Or False : the Problems of Nation Are Studied in the Micro Economy. - Economics

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Question

State whether the following statements are TRUE or FALSE : 

The problems of Nation are studied in the micro economy. 

Solution

False, the problems of nation are not studied in the micro economy.
Explanation:
Micro economic deals with the study of micro variables or individual units of a society. Thus, the problems of a nation will be studied under macro economy and not micro economy.

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2009-2010 (October)

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