Multiple Choice
Microeconomics is concerned with:
A) distinguishing good from bad social policies.
B) the behaviour of invisible animals.
C) economic aggregates.
D) decisions by individuals and firms.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Comparative institutional analysis is concerned with the:<br>A)development
Q4: The following examples can be categorized as
Q5: The Cost- Benefit criterion assumes all of
Q6: When economists evaluate the effect of carbon
Q7: Comparative statics analysis evaluates the effect of:<br>A)exogenous
Q9: The preferences of individuals are key to
Q10: Institutions are all of the following except:<br>A)informal
Q11: Overcrowding frequently occurs when consumers:<br>A)share common property.<br>B)receive
Q12: Competition is:<br>A)the consequence of "more is better."<br>B)utterly
Q13: Normative economics:<br>A)involves value judgments.<br>B)tries to present the