Which of the Following Is a Microeconomic Topic

question 168

Multiple Choice

Which of the following is a microeconomic topic?
i.Gas prices increase after a hurricane hits the gulf coast.
ii.Xavier starts a new business designing web pages.
iii.Abby decides to practice an extra hour of soccer instead of studying.

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

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Definitions:

Terrorism

The use of violence and intimidation, especially against civilians, in the pursuit of political aims.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Democratic Government

A system of governance where power is vested in the people, who have the authority to elect representatives and make decisions through a majority vote.

Social Preconditions

Conditions or social factors that must exist within a society for certain developments, behaviors, or changes to occur.