Which of the following is a microeconomic question?
A) How much will be saved and how much will be produced in the entire economy?
B) What will the level of economic growth be in the entire economy?
C) What factors determine the price of carrots?
D) What determines the average price level and inflation?
Answer: C
Economics
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Why do firms collude to become a cartel? Because it allows them to
a. develop innovations without the threat of competition within the industry b. compete in order to increase market share c. act like a monopoly d. diversify their markets without fear of losing market share e. increase their own individual concentration ratio
Economics
Capital gains are profits that you earn on the sale of your
a. labor. b. money. c. financial asset. d. economics textbook.
Economics