Microeconomics examines the
A) total household expenditures.
B) behavior of the economy as a whole.
C) aggregate business spending.
D) decision making undertaken by individual households.
D
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A firm could be engaged in successful predatory pricing if: a. It charged prices greater than the average variable cost of production. b. It did not drive rivals out of the market
c. It did not raise its prices after its predatory price cutting. d. None of the above is true.
A bank would be considered insolvent when the value of its liabilities exceed its
A. assets. B. required reserves. C. actual reserves. D. net worth.
Social regulation is focused on all of the following EXCEPT
A) the impact of production on the environment and society. B) better working conditions, and safer and better products. C) a better quality of life through a less polluted environment. D) ensuring costs are minimized and benefits are maximized.
Individuals with more experience tend to earn more than individuals with less experience. This is because
A. experience is a compensating differential. B. experience on the job increases an individual's human capital. C. the government requires that more-experienced workers be paid more than less-experienced workers. D. it is only fair that a more-experienced worker be paid more than a less-experienced worker.