This textbook is about microeconomics because it deals mainly with the behavior of variables such as:
A) national output, interest rates, unemployment and inflation.
B) individual economic units, such as consumers, firms, workers and investors.
C) national and international markets, exchange rates and economic treaties.
D) economic sectors, the business cycle and monetary and fiscal policies.
Correct Answer:
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Q10: The basic premise behind worker trade-offs in
Q11: The trade-offs facing consumers include:
A) how to
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Q13: The problem of scarcity means that people
Q14: Which of the following is a positive
Q16: Which of the following is a positive
Q17: During a presidential campaign, the candidates from
Q18: _ questions have to do with explanation
Q19: Which of the following is a normative
Q20: Which of the following statements is false?
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