Which One of the Following Topics Does Microeconomics Study

question 3

Multiple Choice

Which one of the following topics does microeconomics study?

• A)reasons for a fall in the price of orange juice
• B)the effect of a rise in the Canadian dollar on Canada's exports
• C)effect of interest rates on national economic growth
• D)effect of the government budget deficit on employment
• E)determination of total production in a country

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Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Ethics

The branch of philosophy dealing with morals, values, and principles that govern individual or group behavior.

Legal

Pertains to laws or the structure of rules that are enforced through social or governmental institutions to regulate conduct.

Illegal

Illegal pertains to actions or activities that are forbidden by law and subject to legal penalties.