Which of the Following Areas of Study Typifies Microeconomics as Opposed

question 172

Multiple Choice

Which of the following areas of study typifies microeconomics as opposed to macroeconomics?

• A)the impact of minimum-wage laws on employment in the fast food industry
• B)the effect of changes in household saving rates on the growth rate of national income
• C)the impact of faster money growth on the rate of inflation
• D)a comparison of alternative tax policies and their respective impacts on the rate of the nation's economic growth

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Definitions:

Debenture

A debt security issued by a corporation that may or may not have specific assets of the corporation pledged as security for payment.

Lien

With respect to goods, it is the right to retain the goods until payment is made.

Mortgagee

The lender or financial institution in a mortgage agreement, who holds the mortgage as a security for the loan provided to the borrower.

Construction Lien

A legal claim against a property by a contractor or subcontractor for unpaid work or materials.