________: branch of economics that focuses on the economic actions of individuals or specific groups of individuals
Fill in the blank(s) with correct word
Microeconomics
You might also like to view...
The existence of a union
A) has no effect on labor supply and demand. B) affects labor supply only. C) affects labor demand only. D) can affect both labor supply and labor demand.
Suppose a developing country receives more machinery and capital equipment as foreign entrepreneurs increase the amount of investment in the economy. As a result,
A) the economy will move down along the long-run aggregate supply curve. B) the economy will move up along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
According to supply-side economics, changes in marginal tax rates will have which of the following effects?
A) change the incentive to work B) change the incentive to save C) change the incentive to invest D) all of the above
If the exchange rate changes from 75 cents per euro to $1 per euro, the euro
a. appreciated, since its value has increased b. appreciated, since the price of U.S. dollars has increased c. appreciated, making U.S. goods more expensive in Euros d. depreciated, since its value has declined e. depreciated, since its value has increased