List and describe four fields of economics
What will be an ideal response?
Student responses will vary. Possible answers include industrial organization, urban and regional economics, econometrics, comparative economic systems, economic development, labor economics, finance, international economics, public economics, economic history, law and economics, and the history of economic thought.
You might also like to view...
The figure above shows that the unregulated market equilibrium occurs at a tuition of ________ a year and ________ million students
A) $15,000; 7.5 B) $25,000; 15 C) $15,000; 15 D) $25,000; 7.5 E) $38,000; 7.5
In the above figure, if the minimum wage is equal to ________, there would be ________ hours of labor employed
A) $8 per hour; 4,000 B) $8 per hour; 2,000 C) $6 per hour; 3,000 D) $4 per hour; 2,000
An effect of international trade is
A) the increase in the average price of goods as the cost of transportation has to be included. B) the transmission of ideas around the world. C) that only countries that have absolute advantage in producing a good can participate. D) that the United States has a trade surplus.
Which of the following most accurately describes what the text says about mercantilists?
a. They tried to build up the military power of their economies. b. They tried to produce full employment. c. They confused gold and silver with true wealth. d. They were merely spokesmen for special interest groups.