In all cases, microeconomics deals with
A) what is.
B) what should be.
C) relatively small units in the economy.
D) the entire economy.
C
You might also like to view...
In Figure 35.1, if rents are uncontrolled, then the amount that renters will want will be 
Figure 35.1
A. Q*. B. Q'. C. 0. D. Q".
According to the Incentive Principle:
A. people tend to do more of something when its benefits are greater. B. people will always take the highest-paying job they are offered. C. benefits are more important than costs in making a decision. D. it is irrational to perform volunteer services.
Which statement about the owners of the Fed is true?
a. They have little control over the Fed’s operations. b. They receive large payments based on interest rates. c. They select the members of the Federal Reserve Board of Governors. d. They are in charge of making monetary policy decisions.
Which of the following is an example of an automatic stabilizer?
A. Supply-side policies that Congress designs to stimulate the economy. B. Fed discount rate. C. Changes that are triggered by the economy and not by government decision makers. D. Discretionary fiscal policy that must be determined by Congress and the president.