Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn’t change.
A. market
B. economy
C. production
D. firm
Answer:B
Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn’t change.
A. market B. economy C. production D. firm
Explanation: 32. _____________ – a term referring to the fact that for many goods, as the level of production increases, the average cost of producing each individual unit declines.