Microeconomics
A) Studies individual decision making
B) Studies aggregate behavior
C) Cannot be applied to behaviors such as marriage
D) Cannot be use to address questions of what ought to be
Correct Answer:
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Q1: In deciding on how to spend their
Q2: The most common form of economic decentralization
Q3: A society's institutions
A) Include the laws and
Q4: Economists think of products as being in
Q5: assume that people are motivated by
A) Human
Q7: Which of the following is NOT an
Q8: In a capitalist economy,
A) The state controls
Q9: A _ is an enforceable claim on
Q10: In a free market system
A) There is
Q11: In a communist economy,
A) The state controls
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