Which Metric Prefix Is Commonly Abbreviated Using a Greek Letter

question 36

Multiple Choice

Which metric prefix is commonly abbreviated using a Greek letter?

• A) mega
• B) micro
• C) milli
• D) nano

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Definitions:

General Equilibrium

A state in which all parts of the economy (supply, demand, prices) are in balance and all markets are at equilibrium.

Market Equilibrium

A situation in which market supply and demand balance each other, and as a result, prices become stable.

Pareto Optimality

A state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Partial Equilibrium

An analysis in economics focusing on the equilibrium of a specific sector or market without considering the whole economy.