Which of the Following Is a Microeconomic Topic? I

question 51

Multiple Choice

Which of the following is a microeconomic topic? i. K-Mart's decision to close stores that are not making a profit.
Ii) Bunning's choice to hire more full-time employees because its sales increased.
Iii) Virgin Airlines changes its fares.

• A) i only
• B) i and iii
• C) ii and iii
• D) i, ii, and iii
• E) i and ii only

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Definitions:

Self-control

The capacity to control one's feelings, thinking, and actions when confronted with desires and sudden urges.

Identity Diffusion

A stage in identity development where an individual has not yet undergone the crisis necessary to achieve a sense of identity, leading to uncertainty about future roles.

Foreclosure

In identity formation, a state where an individual commits to an identity without exploring alternatives, often due to external imposition.

Identity Achievement

A stage in identity development where an individual has explored various options and commitments and made choices about beliefs and goals.