Which of the following is an example of a microeconomic decision?
A) a small shoe factory deciding how much leather to purchase for the next quarter's production need
B) an individual deciding how to allocate the time he or she has for work and leisure
C) a multinational company deciding where to relocate its world headquarter
D) All of the above answers are correct.
Correct Answer:
Verified
Q23: In part, microeconomics is concerned with the
Q24: Economics is best defined as the science
Q25: The study of the decisions of individual
Q26: Which of the following is a macroeconomic
Q27: In every economic system, choices must be
Q29: Economics is best defined as
A) making choices
Q30: Which term best describes the study of
Q31: In part, microeconomics is concerned with
A) changes
Q32: The study of the choices made by
Q33: The branch of economics that deals with
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