Which of the Following Is a Microeconomic Statement

question 192

Multiple Choice

Which of the following is a microeconomic statement?

• A) The real domestic output increased by 2.3 percent last year.
• B) Unemployment was 6.5 percent of the labor force last year.
• C) The price of personal computers declined 4.7 percent last year.
• D) The general price level increased by 3.1 percent last year.

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Definitions:

Color Blindness

A deficiency in the way one sees color, with the inability to distinguish certain shades of color or, in more severe cases, see color at all.

Sex-Linked Genes

Genes that are located on the sex chromosomes (X or Y), influencing traits that vary between males and females, often because males and females have different numbers of X chromosomes.

Short-Term Memory

A type of memory that holds a small amount of information in a readily accessible state for a brief period, typically from a few seconds to a minute.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.