Microeconomics: Fourth Edition Test Bank

Microeconomics: Fourth Edition Test Bank enhances your understanding of exam topics with a detailed breakdown of key principles and solved examples.

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Page11.Microeconomics deals with:A)the working of the entire economy or large sectors of it.B)economic growth.C)individual decision makers in the economy.D)gross domestic product.2.The study of a single firm and how it determines prices falls under the study of:A)macroeconomics.B)microeconomics.C)economic growth.D)fiscal policy.3.Macroeconomics deals with:A)bits and pieces of the economy.B)how a business unit should operate profitably.C)the working of the entire economy or large sectors of it.D)how individuals make decisions.4.The primary emphasis in macroeconomics is on:A)how firms set prices.B)the national economy.C)marginal analysis.D)bits and pieces of the economy.5.Which of the following is studied in macroeconomics?A)the change in automobile sales due to a change in the price of automobilesB)the effect of a tax reduction on the profits of an individual businessC)recessionsD)the unemployment of workers displaced by technological change in the typesettingindustry6.The basic concern of microeconomics is:A)to keep business firms from losing money.B)to prove that capitalism is better than socialism.C)to study the choices people make.D)to use unlimited resources to produce goods and services to satisfy limited wants.

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Economics

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Microeconomics: by Paul Krugman

Microeconomics: Fourth Edition Test Bank

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