Microeconomics Deals with the Analysis of All the Following Questions

question 39

Multiple Choice

Microeconomics deals with the analysis of all the following questions except how:

• A) the wages of carpenters are determined.
• B) high did unemployment rise during the Great Depression.
• C) does Ford decide how to price its cars.
• D) does a college student decide how to spend her income.

---

Definitions:

Benchmarks

Standard points of reference against which things may be compared or assessed.

Criteria

Standards or principles by which something is judged or decided.

2 + 2 = 4 Approach

Logical argumentation approach that convinces readers of your point of view by demonstrating how everything “adds up”.

Organizational Strategy

A comprehensive plan outlining how a company will achieve its goals and objectives, considering its resources, market position, and competition.