Which of the Following Is True

question 19

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:

Republicans

Members of the Republican Party, one of the two major political parties in the United States, typically supporting conservative policies.

Democrats

Members or supporters of the Democratic Party in the United States, a political party known for its liberal policies on social issues, government intervention in the economy, and support for civil rights.

Insurgent Candidate

A term for a candidate who runs for office representing a challenge to the established political order within their party or the overall political system.

Invisible Primary

The early period of a presidential election cycle before the first primaries and caucuses, where candidates seek to gain early support from party elites and donors.