Microeconomic Topics Do Not Usually Include

question 85

Multiple Choice

Microeconomic topics do not usually include:

• A)​how wages are determined in the labor market.
• B)​the magnitude of national income.
• C)​how firms choose output to maximize profits.
• D)​how consumers maximize utility subject to a budget constraint.

---

Definitions:

Charitable Aid

Assistance provided by philanthropic organizations to those in need, including financial support, goods, and services.

Southern Evangelicals

A demographic group in the Southern United States characterized by their strong evangelical Christian faith and its influence on their social and political views.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor without compensation.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, with numerous denominations worldwide.