One subject of study for macroeconomics is
A. perfect competition.
B. economic growth.
C. monopoly.
D. the shape of an individual's demand curve.
Answer: B
You might also like to view...
The three most important international financial centers today are
A) London, Tokyo, and Beijing. B) Tokyo, London, and New York. C) New York, Los Angeles, and London. D) San Francisco, Paris, and Mexico City.
Which of the following statements regarding cartels is not correct?
A) Cartels are sometimes difficult to maintain because a member can cheat by raising its price above the agreed price. B) Cartels restrict industry output in order to raise price. C) Cartels are inherently stable, because oligopolistic firms rarely change price. D) are easier to establish and maintain when the cost functions of the individual members are more similar to one another.
The Laffer curve belongs to which of the following schools of economic thought?
a. Keynesian b. Supply-side c. Classical d. Demand management
Developing countries have different institutional priorities than developed countries for all of the following reasons except that they:
A. have weaker financial institutions than developed countries. B. lack the institutional ability to collect taxes, unlike developed countries. C. have more socially-minded leaders than developed countries. D. have dual economies, unlike developed countries.