Which of the Following Would Be Considered a Microeconomic Topic

question 12

Multiple Choice

Which of the following would be considered a microeconomic topic?

• A)the severity of a recession
• B)the cause of unemployment in the economy
• C)the effect of the government budget deficit on inflation
• D)the determination of aggregate income
• E)the study of how wages are set for mine workers

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Definitions:

Isostasy

The equilibrium state of the Earth’s crust, where the forces pushing a land mass up are balanced by the weight of the mass itself pressing down.

Equanimity

A state of mental or emotional stability, especially in difficult situations.

Superposition

A principle in geology stating that in an undisturbed sequence of rocks, layers are older at the bottom and younger at the top.

Regional Elevations

The varying heights of the Earth's surface in a specific area, measured relative to sea level.