The economic problem is concerned with:

(a) Scarcity.
(b) Disequilibrium.
(c) Too much government intervention.
(d) All of the above.


Answer: (a) Scarcity.

Economics

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In the above figure, saving will equal zero when real disposable income equals

A) 500. B) 600. C) 60. D) 0.

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How many times is GDP for a particular quarter estimated?

A) once B) twice C) three times D) more than three times

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When a positive externality exists, the marginal social demand curve

a. is the same as the market supply curve b. is the same as the market demand curve c. lies below the market demand curve d. lies above the market demand curve e. lies below the market supply curve.

Economics

Who would be more likely to study the effects of government spending on the unemployment rate, a macroeconomist or a microeconomist?

Economics