Microeconomics Deals With

question 135

Multiple Choice

Microeconomics deals with:

• A) the working of the entire economy or large sectors of it.
• B) employment, growth, and inflation.
• C) individual units in the economy.
• D) normative economics for the most part.

Discuss the opposition and support for the New Deal within the United States.

Describe the impact of the New Deal on American society and government structure.

Illustrate the experiences and contributions of diverse groups during the Great Depression.

Understand the judicial challenges to New Deal legislation and their outcomes.

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Definitions:

Liability Insurance

A type of insurance that covers a person from damages; most states set minimum liability requirements.

Deductible

The amount paid out of pocket by the policyholder before an insurance company pays the remaining costs.

Straight Line Depreciation

A line that shows a constant decline in the value of something, such as a car that loses the same value each year.

Odometer

A gauge on the dashboard of a car that indicates the distance the car has traveled since it left the factory.