Мікроекономіка

What term deals with the study of specific components within a major economy?

What is the primary focus of microeconomics?

• Individual markets and consumers

• National economic policies

• Global trade agreements

• Historical economic trends

Which of the following is a concept studied in microeconomics?

• Inflation rates

• Consumer behavior

• Fiscal policy

• Exchange rates

What does the law of demand state?

• As price increases, demand increases

• As price decreases, demand decreases

• As price increases, demand decreases

• Price and demand are unrelated

Which market structure is characterized by a single seller?

• Perfect competition

• Monopoly

• Oligopoly

• Monopolistic competition

What is the term for the additional satisfaction gained from consuming one more unit of a good?

• Total utility

• Marginal utility

• Average utility

• Diminishing utility

In microeconomics, what is a 'price taker'?

• A firm that sets its own prices

• A firm that accepts the market price

• A firm that influences market prices

• A firm that avoids market prices

What is the primary goal of a firm in microeconomics?

• Maximize revenue

• Maximize profit

• Maximize production

• Maximize employment

Which of the following is an example of a positive externality?

• Pollution from a factory

• A beautiful garden in a neighborhood

• Traffic congestion

• Noise from a construction site

What does the term 'elasticity' refer to in microeconomics?

• The flexibility of supply

• The responsiveness of demand to price changes

• The rigidity of demand

• The stability of market prices