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Economics Past Questions

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4736

Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds

  • A. less to TR as to TC
  • B. as much to TR as to TC
  • C. more to TC than to TR
  • D. less to TC than to TR
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4737

The use of tax and expenditure policy to regulate the economy is known as

  • A. monetary policy
  • B. physical measures
  • C. deregulation
  • D. fiscal policy
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