An Example of a Microeconomic Decision Is a Situation in Which

question 281

Multiple Choice

An example of a microeconomic decision is a situation in which

• A) the Federal Reserve considers how much to increase the money supply during the coming month in an effort to constrain the rate of inflation.
• B) Congress and the president seek to reach a compromise on how much to increase government spending in an effort to influence national expenditures.
• C) a firm evaluates how much to reduce the price of its product in an effort to influence sales and boost its profits.
• D) the U.S. Treasury contemplates buying foreign currencies in an effort to influence exchange rates with an aim to boosting demand for U.S. goods and services.

---

Definitions:

Performance Appraisal

A systematic evaluation of an employee's performance in their job, often used for determining promotions, compensations, and developmental needs.

Employee's Success

The achievement of job-related goals and objectives, often characterized by promotions, recognition, and personal fulfillment within a professional context.

Duties

Responsibilities or tasks that an individual is expected or required to perform.

Worker-Oriented Approach

A focus within job analysis that examines attributes of the worker necessary to accomplish a job, including skills and abilities.