Multiple Choice
A microeconomist would study all of the following issues EXCEPT
A) the impact of a change in consumer income on the sales of corn.
B) the impact of a snowstorm on the sales of snow shovels.
C) the most efficient means for General Motors to produce an automobile.
D) the effect of a change in income taxes on the nation's rate of unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q145: Economics can be described as the study
Q146: Microeconomics is defined as that part of
Q147: Normative economic analysis tends to<br>A) generate testable
Q148: The ceteris paribus assumption means<br>A) favors are
Q149: Which of the following terms identifies something
Q151: Macroeconomics might study which of the following?<br>A)
Q152: Which of the following is a positive
Q153: The difference between positive statements and normative
Q154: Which of the following is a microeconomic
Q155: It is assumed in economics that people