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Economics Entrance Tests: Mock Test 64
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If demand for the firm's output increases, the firm will demand more
A situation when there is rise in general prices in an economy over a specific period of time is known as
The term that relates to the location or area that lies outside of one's national boundaries is known as
The relationship between elasticity of supply and demand with deadweight loss of a tax is
The situation that prevails when economic growth could results in a country being worse off than before the growth is known as
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