An Example of a Question That Might Be Explored in Microeconomics

question 247

Multiple Choice

An example of a question that might be explored in microeconomics is to determine

• A) the number of workers employed by Intel.
• B) savings by the household sector.
• C) why the U.S. economy has grown more rapidly than the Japanese economy.
• D) the total employment within the U.S. economy.

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Definitions:

Terminal Moraine

A terminal moraine is an accumulation of debris and sediment formed at the snout (end point) of a glacier, marking the furthest advance of the glacier.

Cirque

A mountain basin with steep sides and a bowl-like shape, formed by glacier activity, frequently hosting a small lake.

Moraine

A mass of rocks and sediment carried down and deposited by a glacier, typically as ridges at its edges or extremity.

Valley

A low area between hills or mountains, often with a river or stream flowing through it.