Which Statement Is TRUE of Microeconomics

question 74

Multiple Choice

Which statement is TRUE of microeconomics?

• A) The unemployment rate fell by 2%.
• B) All businesses in the United States experienced a decrease in revenues of 5% due to the recession.
• C) About 15% of teachers were laid off last week.
• D) GDP increased by 6% last quarter.

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Definitions:

Milgram's Experiment

A series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Fully Obedient

Describes an individual or behavior that completely follows orders or instructions without question.

Electric Shocks

A sudden discharge of electricity through a part of the body, which can cause harm or discomfort.

Shock Plate

A device used in experimental research to deliver a mild electric shock to an animal subject as part of conditioning or testing.