Microeconomics Is Concerned with

question 224

Multiple Choice

Microeconomics is concerned with

• A) the aggregate or total levels of income, employment, and output.
• B) a detailed examination of specific economic units that make up the economic system.
• C) positive economics, but not normative economics.
• D) establishing an overall view of the operation of the economic system.

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Definitions:

Skills

The ability to do something well, which can be developed through practice and training.

Abilities

The physical or mental skills and talents that an individual possesses, which can vary greatly between persons.

Age

The length of time that a person has lived or a thing has existed.

Reinforcing Factors

Elements that increase the likelihood of a person adopting or continuing a health-related behavior.