Which Question Is an Illustration of a Microeconomic Question

question 71

Multiple Choice

Which question is an illustration of a microeconomic question?

• A) Is the quantity of wine purchased in one year dependent upon the price of wine?
• B) Does government spending influence the total level of employment in the economy?
• C) Is the purchasing power of the dollar higher or lower today than it was in 2005?
• D) Is capitalism superior to socialism?

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Definitions:

Obsessed With Food

A state where an individual's thoughts and actions are excessively focused on food, its consumption, and its effects.

Human Behaviors

Patterns of actions or reactions of humans, generally in response to stimuli from the environment or from internal thoughts.

Rigidly Patterned

Describes behavior or processes that are strictly regular and unvarying, often adhering to a fixed or inflexible structure or sequence.

Instincts

Innate, typically fixed patterns of behavior in animals in response to certain stimuli.