Which of the following questions would not be posed in the context of microeconomics?
A) Why do national economies grow?
B) What percentage of consumer income is spent on entertainment?
C) Why do workers prefer the 4-day workweek?
D) What happens to worker productivity when the job shifts to a 4-day workweek?
E) How is the electric industry harmed by the passage of new clean air legislation?
Correct Answer:
Verified
Q44: Households purchase goods and services in the
A)
Q45: A firm is an organization that produces
A)
Q46: The basic difference between microeconomics and macroeconomics
Q47: A positive economic statement concerns
A) an opinion
Q48: If John says the price of gasoline
Q50: The circular flow diagram is
A) an accurate
Q51: Most economic forecasts
A) are accurate
B) are more
Q52: Finite resources
A) must be renewable
B) must be
Q53: An example of a nonrenewable resource is
A)
Q54: Gold is
A) not a resource in the
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