Which of the following is a micro – economics statement?
A. The real domestic output increased by 2.5 percent last year.
B. Unemployment was 9.8 percent of the labour force last year.
C. The price of wheat determines its demand
D. The general price level increased by 4 percent last year.
Answer:C
Which of the following is a micro – economics statement?
A. The real domestic output increased by 2.5 percent last year. B. Unemployment was 9.8 percent of the labour force last year. C. The price of wheat determines its demand D. The general price level increased by 4 percent last year.