Which of the following is an example of a microeconomic decision?
A) an individual deciding how to allocate the time he or she has for work and leisure
B) a small shoe factory deciding how much leather to purchase for the next quarter's production need
C) a multinational company deciding where to relocate its world headquarter
D) All of the above answers are correct.
Correct Answer:
Verified
Q16: Economists point out that scarcity confronts
A) neither
Q17: All economic questions are about
A) how to
Q18: The problem of "scarcity" applies
A) only in
Q19: Scarcity can be eliminated through
A) the use
Q20: Economics is best defined as
A) how people
Q22: In part, microeconomics is concerned with
A) how
Q23: Macroeconomics differs from microeconomics in that
A) macroeconomics
Q24: The study of the choices made by
Q25: Which of the following questions is a
Q26: Which of the following questions is NOT
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