Microeconomics concerns:
A) the decisions of individual firms and households
B) economic growth
C) little, or small, economic decisions
D) unemployment and inflation
Correct Answer:
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Q26: North Korea is an example of a:
A)
Q27: Economics exists because of:
A) markets
B) resources
C) production
D)
Q28: Economics:
A) helps us make business, career, and
Q29: In a command economy, resources are allocated
Q30: The massive consolidation of farms in the
Q32: The statement, "Gambling is legal in Nevada"
Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
Q35: The term, ceteris paribus, in economics means:
A)
Q36: The payment to land is:
A) rent
B) profit
C)
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