The branch of economics that focuses on the conduct of affairs within narrowly defined units, such as households or business firms, is called:
a. macroeconomics
b. microeconomics.
c. socioeconomics.
d. applied economics.
b
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Which of the following is a microeconomic topic?
i) Gas prices increase after a hurricane hits the gulf coast. ii) Xavier starts a new business designing web pages. iii) Abby decides to practice an extra hour of soccer instead of studying. A. i, ii and iii
The decisions Apple makes in determining production levels for its iPhone is an example of a microeconomic topic
Indicate whether the statement is true or false
The Conference Board does a good job predicting recessions for reasons that include ________
A) a focus on fewer than five leading variables B) exclusive use of real-time data C) revisions of the components of its monthly index D) all of the above E) none of the above
Money held to buy bonds in the future represents the
A. Transactions demand for money. B. Interest earning demand for money. C. Bond broker demand for money. D. Speculative demand for money.