Microeconomics-Krugman-3rd-Edition-Test-Bank

Microeconomics deals with:  the working of the entire economy or large sectors of it. Incorrect  economic growth. Incorrect  individual decision makers in the economy. (True Answer )Correct  gross domestic product. Incorrect 2 The study of a single firm and how it determines prices would fall under the study of:  macroeconomics. Incorrect  microeconomics. (True Answer )Correct  economic growth. Incorrect  fiscal policy. Incorrect 3 Macroeconomics deals with:  bits and pieces of the economy. Incorrect  the question of how a business unit should operate profitably. Incorrect  the working of the entire economy or large sectors of it. (True Answer )Correct  how individuals make decisions. Incorrect 4 The primary emphasis in macroeconomics is on:  how firms set prices. Incorrect  the national economy. (True Answer )Correct  marginal analysis. Incorrect  bit...

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