1. Which of the following would be studied in microeconomics? A. the output of the entire economy B. the general level of prices in the Malaysian economy C. the total number of workers employed in a country D. the output and price of meat in Malaysia
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- Choose the Letter of the Correct Answer 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 2. It refers to the skills and talents to produce a product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 3. It refers to the target market of a certain product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 4. A basic economic question that relates about quality and quantity of the product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 5. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic systemQuestion: Which of the following is related to Microeconomics?[A] The size of national economy[B] Inflation[C] Unemployment[D] Behaviour of individual economic unitsPlease Dont use AI tool.economics.answer A ,B
- The answer to, "What goods are to be produced?" deals with: who gets the goods. how tastes and preferences are determined. how resources are combined to produce goods and services. the kinds and quantities of goods and services produced.Economics is the study of a. The population of the country b. The environment of the country c. How to establish a company d. A choice among alternative uses of scarce resourcesThe economic environment refers to: Select one: a. an analysis of how new environmental regulations will affect our economy b. the economic outlook of the world provided by the World Bank c. an analysis of how the environmental movement and world economy interact d. the nature and direction of the economy in which a firm competes or may compete
- A production possibilities curve can shift inward if there is a. an increase in productivity b. an increase in unemployment c. an increase in the price of raw materials d. a misallocation of resources e. a natural disasterFor questions 1-3, choose the letter of the diagram in figure 2.1 that best describes the type of shift that would occur in each situation for the U.S. farming market, ceteris paribus. Figure 2.1 Price Supply Curve (leftward) Quantity (a) Price Supply Curve (rightward) Quantity (b) Price Demand Curve (leftward) Quantity (c) Demand Curve (rightward) Price Quantity (d)economics question. answer C, D
- Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?Economics is the study of all of the following except:a. how the prices of goods and services are determinedb. how people make decisions, given scarce resourcesc. how to eliminate scarcity with new ideas and inventionsd. how buyers and sellers interact in a marketPlease don't use any ai tool.economics. answer only d,e,f