Microeconomics, unlike macroeconomics, focuses on:
A) individual households and businesses, and how they make decisions.
B) households and businesses as groups, and their relationship to other households and businesses.
C) individual households and businesses, and how their behavior affects overall economic activity.
D) households and businesses as groups, and how their behavior affects overall economic activity.
Correct Answer:
Verified
Q2: Statistics on household units include:
A) more people
Q3: Household statistics include individuals living alone or
Q4: Which of the following statements is true?
A)
Q5: In the U.S. over the last two
Q6: In the U.S. over the last two
Q7: Which of the following statements is FALSE?
A)
Q8: The population of the U.S. on average
Q9: Household pretax income that is used for
Q10: Personal income is:
A) per capita income, or
Q11: The largest source of personal income in
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