The validity of an economic theory is judged by its power to:

Related MCQs

• Micro economic theory studies how a free enterprise economy determines:
• In economic theory the costs of a firm
• The average total costs of the firm as defined in standard economic theory
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• The meaning of the word ‘economic’ is most closely associated with the word:
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• _____ has distinguished between different types of societies on basis of economic system.
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• A theory is:
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