Microeconomics Includes the Study of

question 117

Multiple Choice

Microeconomics includes the study of

• A) how countries decide to fund their budget deficits.
• B) the choices that individuals and businesses make.
• C) how a nation promotes economic growth.
• D) the effect on the national economy of the choices that individuals make.
• E) the overall amount of production within the economy.

---

Definitions:

Introspection

The examination or observation of one's own mental and emotional processes.

Full Potential

Describes the highest level of performance or development that an individual, group, or object can achieve with its innate and developed capabilities.

Aspiration

A strong desire, longing, or aim; ambition towards achieving something.

Carl Rogers

A prominent psychologist known for developing client-centered therapy and emphasizing the importance of unconditional positive regard.