The focus of microeconomics is the study of
A) national economies.
B) trends in consumer purchases.
C) the total value of national output.
D) individuals and firms.
E) the determinants of the unemployment ratE.
Correct Answer:
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Q14: The economist often considered the "father of
Q15: The Scottish economist who wrote "The Wealth
Q16: The study of macroeconomics includes
A) the choices
Q17: The distinguishing feature of microeconomics is studying
A)
Q18: Which of the following decisions would NOT
Q20: Macroeconomics differs from microeconomics in that
A) the
Q21: The logical implication of the scarcity problem
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Q23: The principle of scarcity applies to
A) the
Q24: The scarcity problem applies to
A) all decisions.
B)
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