Which of the following is a fundamental topic addressed by microeconomics?
A) whether to extend unemployment insurance
B) determining how many new iPhones the Apple company should produce
C) the level of inflation in the country
D) the impact of interest rates on savings in the economy
Question 2
Who or what is responsible for bringing together scarce resources to produce most of the goods and services in the U.S.?
A) the U.S. government
B) the United Nations
C) the Federal Reserve Bank
D) markets and prices