Microeconomics primarily models:
A) the overall economy.
B) the behavior of firms but not households.
C) the behavior of households but not firms.
D) the behavior of both firms and households and how they interact in the marketplace.
Correct Answer:
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Q86: Microeconomics differs from macroeconomics in that:
A)microeconomics studies
Q87: Economists believe that most individuals act as
Q88: The branch of economics that studies the
Q89: Measuring the rate of inflation is primarily
Q90: The branch of economics that focuses on
Q92: From an economists' perspective, which of the
Q93: Macroeconomic topics do not generally include:
A)inflation.
B)aggregate demand.
C)government
Q94: When economists assume that people act rationally,
Q95: Economists believe that individuals act as if
Q96: When making decisions, economists believe that individuals
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