Which of the Following Is True

question 272

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:

Lower Wage

A term referring to earnings that are below the average or median level of pay in a given region, sector, or occupation.

Verbal Sexual Harassment

Unwanted and inappropriate verbal comments, jokes, or gestures of a sexual nature that create an offensive or hostile environment.

Sexual Favors

Actions performed that involve sexual activities, often implied to be in exchange for something else.

Promotion

The act of raising someone to a higher position or rank, or the process of actively supporting a cause, product, or service.