Which of the Following Decisions Would NOT Be Part of Microeconomics

question 92

Multiple Choice

Which of the following decisions would NOT be part of microeconomics?

• A) What university major to select.
• B) How to make the largest profit.
• C) Whether to study or watch TV tonight.
• D) How will an early frost in Prince Edward Island affect the price of potatoes.
• E) Should the federal budget always be balanced.

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Definitions:

Speeds

Rates at which an object covers distance, often measured in units like miles per hour or kilometers per hour.

ANOVA Table

A statistical table used to analyze the differences among group means in a sample by comparing variance estimates.

F-ratio

a statistical measure used in the analysis of variance (ANOVA) to compare the variance between groups to the variance within groups.

P-value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.