Answer:
B. decisions made by individual households and firms.
Explanation:
Economics is the study of choice to satisfy unlimited wants from limited resources, having alternative uses.
'Micro' word gets origination from greek language, meaning 'small'
Micro Economics is the study of 'individual' economic participants - individual households' & individual firms' choice decisions
Eg : Price of a good, Utility maximising consumption of consumer, profit maximising output of a producer/ seller.
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Answer: $12,000
Explanation:
Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.
Why?
The Water Entreprise Fund is the only listed fund type listed that would fall under BUSINESS TYPE because it is an ENTREPRISE Fund. The Motor Pool Internal Service falls under GOVERNMENT ACTIVITIES and the Pension Find is only displayed in the Fund Financial Statements.
Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.
