Microeconomics is primarily the study of how
A. people choose among alternatives.
B. the stock market works.
C. the economy functions as a whole.
D. businesses can make money.
Answer: A
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For what percentage of urban population growth is rural-urban migration responsible?
(a) between 35% and 60%. (b) between 40% and 80%. (c) between 50% and 70% (d) between 50% and 90%.
Using productive resources to make capital goods requires that we
A) get everyone to agree on the best use of those resources. B) get government approval of our plan to make capital goods. C) forgo some level of current consumption. D) prove that the existence of the capital goods will not cause any environmental damage.
The two basic ways to define money are
A) the transactions approach and the fiduciary approach. B) the transactions approach and the M1 approach. C) the transactions approach and the liquidity approach. D) the liquidity approach and the store of value approach.
Due to small profit margins in perfect competition, it is argued that technological development may happen to a greater extent under oligopoly
Indicate whether the statement is true or false