Microeconomics is concerned with individual performance as well as the economy as a whole.
Answer the following statement true (T) or false (F)
False
Microeconomics looks at the building blocks of any economy: firms, workers, and governments.
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Historical note: In separate court cases, ALCOA and DuPont both faced charges brought by the government that they
a. flooded the market with output to undermine its competition b. charged excessively high prices c. imposed illegal barriers to entry in their respective markets d. monopolized their markets e. sought to create monopolistic competition in their markets
What is the value of $H (the total loans)?
A) $1,000 B) $4,000 C) $5,000 D) $6,000
The Skinned Knee Corporation can produce either 300 skateboards each week or 500 snowboards each week. What is their opportunity cost of producing 300 skateboards each week?
A) 300 skateboards B) 200 snowboards C) 500 snowboards D) 800 snowboards
In the long run or steady state of the Solow growth model, the growth rate of capital per worker is higher with higher saving rate
a. true b. false