Microeconomics is the branch of economics that examines:
A) outcomes of economic behaviour, evaluates them as good or bad, and prescribes preferred courses of action
B) ways to understand behaviour and the operation of systems without making judgements
C) the functioning of individual industries and the behaviour of individual decision- making units, that is, business firms and households
D) the economic behaviour of income, employment, and output on a national scale
Correct Answer:
Verified
Q38: As more of a good, such as
Q39: The study of why a person may
Q40: Economists define inflation as:
A) a decrease in
Q41: Economists say that there is unemployment when:
A)
Q42: A change in the tax system designed
Q44: In the circular flow of goods and
Q45: Which of the following is a reason
Q46: An example of a demand- side government
Q47: For an economy to produce at a
Q48: An economic model is:
A) a simplified representation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents