Which of the following topics is a macroeconomic subject?
A) a proposed merger between two companies
B) the level of sales at a particular department store
C) increases in the overall price level of the United States
D) the decision of an automobile manufacturer
C
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Which four nations account for most of the population and economic activity in Latin America?
What will be an ideal response?
The following table provides information about production at the XYZ-TV Company. Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000 How many workers will XYZ-TV Company hire if the going wage for TV production workers is $34,000?
A. 0 B. 1 C. 3 D. 2
What is Wendy’s opportunity cost of producing a yard of cloth?
a. 3 pounds of food
b. 2 pounds of food
c. 1 pound of food
d. 1/2 pound of food
The crowding-out effect suggests that:
A. tax increases are paid primarily out of saving and therefore are not an effective fiscal device. B. government borrowing to finance the public debt increases the real interest rate and reduces private investment. C. it is very difficult to have excessive aggregate spending in a capitalist economy. D. consumer and investment spending always vary inversely.