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Economics ECS1601 Questions with Correct Answers.
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57
May 2023
2022/2023
A+
Which of the following is/are correct?
a) Households are confronted with unlimited wants, but with limited resources with which to satisfy those wants
b) The scarcity of resources necessitate households to make choices Correct Answer both a and b are correct
Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics?
a) The price of apples at the supermarket is an example of a macroeconomic variable.
b) An increase in the general price l...
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