Multiple Choice
Which of the following topics would be covered in microeconomics?
A) The effects of an increase in the supply of lumber on the homebuilding industry.
B) The unemployment rate.
C) The effects of interest rates on the overall economy.
D) The inflation rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Microeconomics differs from macroeconomics in that:<br>A)microeconomics studies
Q3: The fundamental economic problem is:<br>A)poverty.<br>B)unemployment.<br>C)scarcity.<br>D)inflation.
Q4: Difficulty in prediction social sciences is the
Q5: Which of the following questions is addressed
Q6: The problem of scarcity:<br>A)exists because resources are
Q8: The branch of economics that studies the
Q9: "The government should levy higher taxes on
Q10: In his book, The Wealth of Nations,
Q11: "A reduction in the rate at which
Q12: When people make choices they typically know