Which of the Following Is a Microeconomic Question

question 99

Multiple Choice

Which of the following is a microeconomic question?

• A) Should companies pay for employees' health insurance?
• B) Why do some countries have higher economic growth rates than other countries?
• C) Should Congress and the president take action to reduce the unemployment rate?
• D) Should the Fed attempt to influence the interest rate to control potential inflation?

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Definitions:

Actor-observer Effect

A bias in attribution theory where people tend to attribute their own actions to situational factors but others' actions to personal traits.

Voluntary

An action taken out of free will or choice, without compulsion or obligation.

Coerced

The act of compelling or forcing someone to act in a certain way by use of pressure or threats.

Internal Attributions

The process of assigning the cause of behavior to personal aspects such as traits, abilities, or feelings.