Multiple Choice
Microeconomics is also known as price theory because:
A) everything has a price.
B) prices have important effects on individual and firm decisions.
C) prices are the only determinant of economic outcomes.
D) prices change constantly.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If a production possibility frontier (PPF)is drawn
Q3: What does the consumer price index measure?<br>A)The
Q4: Which of the following is generally considered
Q5: Which of the following is true of
Q6: A farmer can produce 10,000 pears on
Q8: What would be the impact on the
Q9: Along a concave production possibility frontier,the per-unit
Q10: Positive economic analysis utilizes:<br>A)value judgments of highly
Q11: Which of the following is generally considered
Q12: Which of the following is an assumption