The study of the decisions of individual units in the economy is known as
A) macroeconomics.
B) microeconomics.
C) the study of incentives.
D) ceteris paribus study.
B
You might also like to view...
Adverse selection occurs in the market for used cars because used car buyers
A) tend to have more accidents than new car buyers. B) have more information than used car sellers. C) have less information than used car sellers. D) have less incentive to maintain the value of their cars than new car buyers.
The primary benefits derived from tariffs usually accrue to the:
a. domestic consumers of goods protected by the tariffs. b. foreign producers of goods protected by the tariffs. c. domestic producers of export goods. d. domestic suppliers of goods protected by the tariffs.
John has financial assets totaling $1.5 million, and he plans to use these assets to start his own business. Since John owns these funds and will not need to borrow to start his business, these assets are considered human capital
a. True b. False Indicate whether the statement is true or false
Based on the graph showing the effects of a government budget surplus, a budget surplus would lead to ______.
a. a shift in the demand curve for loanable funds to the right
b. a shift in the supply curve for loanable funds to the left
c. a decrease in loanable funds from Q2 to Q1
d. an increase in loanable funds from Q1 to Q2