CA CPT Model Test Paper 7 with solutions for online practice

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Question : 110 of 200

Marks: +1, -0

Which of the following statements is correct?

Unlike normative economics, positive economics is based on objective analysis of economic issues.
The opportunity cost of a good is the quantity of other goods sacrificed to get another unit of that good.
Microeconomics emphasizes interactions in the economy as a whole.
None of the above.

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