Multiple Choice
Which of the following would represent a microeconomic question?
A) How will a decrease in government spending affect the output gap?
B) How will a merger of two local banks affect competition and prices for banking services?
C) What type of unemployment is on the rise?
D) How have the changes in types of unemployment affect the efficiency of the labor force?
Correct Answer:
Verified
Correct Answer:
Verified
Q21: This type of cost is irrelevant when
Q22: Each of the following is an economic
Q23: The study of how prices for a
Q24: Which of the following statements is most
Q25: Diminishing marginal benefits is reflected in<br>A)a consumer's
Q27: Engaging in an activity until marginal benefits
Q28: This forces us to allocate resources<br>A)marginal benefits<br>B)marginal
Q29: Ceteris paribus, as more and more of
Q30: Utility is all of the following except<br>A)a
Q31: Explain why money would not be considered