Microeconomic topics do not usually include:
a. how wages are determined in the labor market
b. the magnitude of national income.
c. how firms choose output to maximize profits.
d. how consumers maximize utility subject to a budget constraint.
b
Economics
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In the above figure, which part corresponds to a fall in the money wage rate?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics
Which of the following accounts for the largest percentage of spending by households in the United States?
a. durable goods b. nondurable goods c. services d. insurance payments e. underground activities (e.g., illegal activities)
Economics