Complete the following sentence.Microeconomics is
A) not concerned with factors of production.
B) concerned exclusively with the role of the government in the economy.
C) concerned with the size of the total amount of income earned by all households in an economy.
D) the branch of economics that studies the choices of individuals and businesses.
E) concerned with normative issues only.
Correct Answer:
Verified
Q1: The determination of prices in individual markets
Q3: An incentive
A)could be either a reward or
Q4: Scarcity confronts
A)only families with incomes less than
Q5: In a world characterized by scarcity
A)individuals need
Q6: Which of the following is the best
Q7: The branch of economics that studies the
Q8: The problem of scarcity applies
A)only in countries
Q9: Complete the following sentence.Macroeconomics
A)deals mainly with the
Q10: The fact that human wants cannot be
Q11: The inescapable economic fact is that
A)capitalists are
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