Microeconomics Is the Branch of Economics That Deals with

question 131

Multiple Choice

Microeconomics is the branch of economics that deals with

• A) highly aggregated markets or the entire economy.
• B) the production side of the economy,exclusively.
• C) the buying side of the economy,exclusively.
• D) human behavior and choices as they relate to relatively small units --- an individual,a firm,an industry.

---

Definitions:

Larceny

The theft of personal property without consent and with the intent to permanently deprive the owner of it.

Trespassory Taking

The illegal occupation or seizure of someone else's property without their permission.

Majority Rule

A decision-making principle where the choice of the greater number of participants is accepted by all.

Reasonable Force

The amount of force necessary to protect oneself or property, which is legally justified under the circumstances.