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