Questions
MUF0061 Economics Unit 1 - Semester 2, 2025
Single choice
Microeconomics builds an understanding of:
Options
A.a. decision making about employment.
B.b. the reasons for building wealth.
C.c. decision making by individuals, households and firms in a specific industry sector or market.
D.d. government policies to manage trading relations.
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Step-by-Step Analysis
The question asks what microeconomics builds an understanding of.
Option a: 'decision making about employment.' While employment decisions can be studied within microeconomics, this phrasing narrows the scope to a single issue and ignores the broader microeconomic focus on how individuals, households, and firms allocate scarce resou......Login to view full explanationLog in for full answers
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