In Part, Microeconomics Is Concerned with

question 26

Multiple Choice

In part, microeconomics is concerned with

• A) factors that explain changes in the unemployment rate over time.
• B) the Federal Reserveʹs policy decisions.
• C) changes in the economyʹs total output of goods and services over long periods of time.
• D) how a business firm decides upon the amount it produces and the price it sets.

Recognize the stability and predictive power of IQ scores over time.

Identify the factors influencing intelligence and creativity.

Grasp the nature of giftedness and its implications for personal development.

Understand the contributions of genetics and environment to intelligence.