Which statement is TRUE of microeconomics?
A) The unemployment rate fell by 2%.
B) All businesses in the United States experienced a decrease in revenues of 5% due to the recession.
C) About 15% of teachers were laid off last week.
D) GDP increased by 6% last quarter.
Correct Answer:
Verified
Q12: Which concept would be addressed by microeconomics?
A)
Q30: The main difference between macroeconomics and microeconomics
Q31: Which topic is a macroeconomic topic?
A) the
Q36: Which topic is a microeconomic topic?
A) U.S.
Q38: Which scenario does NOT fall under the
Q39: Which topic is MOST likely to be
Q127: Macroeconomics is concerned with issues such as
A)
Q148: The field of economics that is concerned
Q229: Economists understand that people respond to
A) laws.
B)
Q235: Macroeconomics focuses on
A) decisions made by individuals.
B)
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