Microeconomics is the study of
A. federal budget details.
B. aggregate measures of the economy.
C. individual decision making.
D. economic issues for an entire region.
Answer: C
Economics
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________ describes the actions a firm takes to maintain the differentiation of its product over time
A) Brand management B) Product differentiation C) Advertising D) Aggressive marketing
Economics
Measurements of TFP indicate that the East Asian success story is based on
A) a significantly different economic model from the one followed in the West. B) unusually large amounts of innovation. C) rapid increases in the education of the work force. D) high amounts of savings and investment.
Economics