The branch of economic theory that deals with problem of allocation of resources is
a) Microeconomic theory
b) Microeconomic theory
c) Econometrics
4) None of the above
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Macro economics theory deals with the field of economy which studies an economy as a whole. It does not look from an individual's point of view. The problem of choice or the problem of allocation of resources is addressed by the the theories of macro economics.
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a)microeconomic
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