Microeconomics focuses on
A) individual decision makers.
B) decisions only on small expenses.
C) small changes in an economy.
D) satisfying the specific needs of a community.
Answer: A
Economics
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According to mainstream macroeconomists, U.S. macro instability has resulted from
A. adherence by the Fed to a monetary rule. B. wide fluctuations in net exports. C. changes in investment spending. D. government's attempts to balance its budget.
Economics
What must be the case if a perfectly competitive firm's economic loss is less by shutting down rather than by producing and selling some output?
What will be an ideal response?
Economics
Why do economists abstract, and is it appropriate?
Economics
Economic growth can be measured by:
a) The CPI b) The CBI c) GDP d) MPC
Economics