Which of the Following Is a Microeconomic Problem

question 88

Multiple Choice

Which of the following is a microeconomic problem?

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) natural unemployment.
• E) inflation.

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Definitions:

Actual Authority

The explicit power granted by a principal to an agent to conduct specific transactions or activities on the principal's behalf.

Price Fixing

An illegal agreement among competitors to set, raise, or stabilize prices or competitive terms.

Criminally Liable

The legal responsibility one holds for committing a crime, subjecting them to criminal prosecution and penalties.

Vicarious Liability

A legal principle where an individual or entity is held responsible for the actions or omissions of another person, typically in employment situations.