Macroeconomics might study which of the following?
A) the causes of domestic unemployment
B) decision making undertaken by firms
C) decision making undertaken by households
D) determinants of the prices of rare goods (e.g., diamonds)
A
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When total product is maximized, marginal product
A. and average product are zero. B. and average product are positive. C. is positive, but average product is zero. D. is zero, but average product is positive.
Name two types of jobs most likely affected by "seasonal unemployment."
What will be an ideal response?
Define official settlements account and U.S. official reserves. Discuss the differences between the two terms
What will be an ideal response?
If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,500 on an income of $30,000, then over this range of income the tax is
A) regressive. B) proportional. C) progressive. D) There is insufficient information to answer the question.