Which of the following is a microeconomics topic?
A) the study of how prices are determined in the computer industry
B) the study of unemployment in the economy
C) the study of how changes in the nation's money supply affect the nation's output
D) a and c
E) b and c
Correct Answer:
Verified
Q50: In all cases,normative economics deals with
A) what
Q51: Positive economics is concerned with
A) value judgments.
B)
Q52: In all cases,positive economics deals with
A) what
Q53: Which of the following is a positive
Q54: Scarcity means
A) wants are greater than the
Q56: Economists believe that people's wants are
A) finite.
B)
Q57: Normative economics is concerned with
A) value judgments.
B)
Q58: Microeconomics is the branch of economics that
Q59: In economics,a synonym for utility is
A) usefulness.
B)
Q60: What is the most prominent rationing device
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