Which of the following is a microeconomic topic?
i) Gas prices increase after a hurricane hits the gulf coast.
ii) Xavier starts a new business designing web pages.
iii) Abby decides to practice an extra hour of soccer instead of studying.
A. i, ii and iii
i and ii
Economics
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During a business cycle recession, total production ________ and total employment ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Economics
What is meant by the phrase, "There is no such thing as a free lunch"?
What will be an ideal response?
Economics