1. Important Concepts in Micro & Macroeconomics

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1.
Which of the following pairings does not represent a set of complementary goods?
2.
If demand and supply increase equally, what happens to market price?
3.
A rise in the price of one commodity leads to a fall in the demand for another commodity. Such commodities are called:
4.
Which among the following is a most suitable example of double counting in national income ?
5.
Which among the following is considered to be the best measure of an increase in a country’s economic efficiency?
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