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Author Question: All of the following are aspects of microeconomics EXCEPT A) monopolies. B) a firm maximizing ... (Read 39 times)

james0929

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on: Jun 29, 2018
All of the following are aspects of microeconomics EXCEPT
 
  A) monopolies.
  B) a firm maximizing profit.
  C) a worker choosing one job over another.
  D) the average level of prices of all goods and services produced in a country in a year.

Question 2

If we are comparing the price of regular gasoline with the price of super gasoline, then an increase in the relative price of regular gasoline implies that
 
  A) the nominal price of regular gasoline increased.
  B) the nominal price of super gasoline decreased.
  C) the relative price of super gasoline decreased.
  D) the relative price of regular gasoline increased.


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aham8f

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


james0929

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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