Microeconomics is concerned with:
A. the aggregate or total levels of income, employment, and output.
B. a detailed examination of specific economic units that make up the economic system.
C. positive economics, but not normative economics.
D. the establishing of an overall view of the operation of the economic system.
Answer: A
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Refer to Figure 8A.2. If the economy were saving at the rate s1
A) saving would equal depreciation at e1. B) the economy would grow until it reached e2. C) capital stock would increase until the economy reached K2. D) all of the above.
Discretionary monetary policy is monetary policy that is based on
A) the judgment of Congress about the current needs of the economy. B) the judgment of the monetary policymakers about the current needs of the economy. C) the ups and downs of the stock market. D) a rule that allows no discretion in how policymakers respond to the state of the economy. E) rules that depend upon the state of the economy.
By 2000, the percentage of U.S. adults with a college diploma was _____
a. 18.7 percent b. 21.3 percent c. 25.6 percent d. 29.9 percent
What antitrust rule was Apple and five of the nation's largest publishers accused of in April 2012?
a. predatory pricing b. per se illegal c. tying contract d. exclusive dealing