Ask a New Question

What term best describes the individual decisions people make in an economy?

(1 point)
Responses

microeconomics

microeconomics

implicitly

implicitly

explicitly

explicitly

macroeconomics

1 answer

The term that best describes the individual decisions people make in an economy is microeconomics.

Ask a New Question or answer this question.

Similar Questions

In which type of economy do people make economic decisions based on their group's ancestral customs and ways of life?(1 point)
1. 1 answer
What is the purpose of government in the United States?A. to make sure people help others through volunteering B. to help poor
1. 1 answer
QuestionLance lives in a country where the centralized government controls all (or most) of the resources in addition to making
1. 1 answer
Which economic system gives producers and consumers the most power to make economic decisions?(1 point) Item Iter Iter • mixed
1. 1 answer

more similar questions