Students can find general microeconomics questions on MIT.edu. They can be found at the end of each chapter in the course "Introduction to Microeconomics," which is under the "Social Science" topic in the course finder.Continue Reading
Microeconomics is the study of individual decisions made by people and companies that affect the economy, according to Investopedia. Below are some of the general questions found on MIT.edu and CollegeBoard.com.
Answer: Analyzing trade-offs, studying how individuals and firms make themselves as well off as possible given conditions of scarcity and a set of constrained optimization problems.
Answer: Individuals maximize utility and firms maximize profits.
Answer: Resources are not equally suited to the production of all goods.
Answer: Apples decrease and oranges decrease in price.
Answer: The Income Effect.
Answer: Theoretical economics builds models, and empirical economics test them. Learn more about Economics