Which of the Following Is a Microeconomic Issue

question 141

Multiple Choice

Which of the following is a microeconomic issue?

• A) Growth in the U.S. economy slowed.
• B) Increased federal government expenditures have lowered the unemployment rate.
• C) The inflation rate fell this year.
• D) The quantity of wheat grown in the United States increases this year.
• E) The U.S. government cuts taxes to combat a recession.

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Definitions:

Mediation

A process where a neutral third party assists in resolving disputes between two or more parties.

Learning

The process through which experience or practice results in a relatively permanent change in behavior or potential behavior.

Conditioning

A process of behavior modification in which a subject comes to respond in a desired manner to a previously neutral stimulus, by associating it with a stimulus that elicits an automatic response.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.