Macroeconomics focuses on the behavior of
A. The overall economy.
B. Government agencies.
C. Individual consumers.
D. All of the choices are correct.
Answer: A
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The efficient quantity of a public good is the quantity that has the highest possible marginal social benefit
Indicate whether the statement is true or false
High-income industrial nations such as the United States and Japan tend to have their highest tariffs in
A) newer, high-technology manufacturing industries. B) capital-intensive, diversified manufacturing. C) agriculture, clothing, and textiles D) Both A and B. E) None of the above.
Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the levels of investment spending associated with each curve. All figures are in billions. What is the desired level of investment spending in this economy if it is to achieve a noninflationary full-employment level of real GDP?
A. $50
B. $100
C. $150
D. $225
An enterprise that has only one shareholder does not constitute a corporation
a. True b. False Indicate whether the statement is true or false