Which of the Following Is True

question 244

Multiple Choice

Which of the following is true?
i.A rational choice is made on the margin.
ii.Microeconomics is the study of the national economy while macroeconomics is the study of the global economy.
iii.Economists try to understand how the economic world works by testing normative statements.

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

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Definitions:

Sample Means

The average value of a set of observations taken from a population, used as an estimate of the population mean.

Public Service Jobs

Employment positions within governmental organizations or agencies serving the public, often focused on providing administrative, healthcare, educational, or safety services.

Registered Voters

Individuals who have completed the registration process and are eligible to vote in an election.

Population Means

The average of a set of quantitative values or measurements derived from the entire population.