In macroeconomics, which of the following topics would most likely be studied?
A. Bob's budget
B. Nike's costs of production
C. The growth rate of the oil industry
D. Unemployment in Mexico.
D. Unemployment in Mexico.
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An important policy goal in undeveloped labor markets is
a. lowering interest rates and increasing access to money and loans. b. helping workers to become more connected to the labor market and the economy. c. passing laws to protect worker rights and protect worker safety. d. to maintain inflation at a rate comparable to higher-income countries.
Each of the following took place in the latter half of the 1990s except
A. a declining federal budget deficit. B. a declining unemployment rate. C. the spread of computerization. D. a rising rate of inflation.
Which of the following is not a result of rent control?
a. fewer new apartments offered for rent b. less maintenance provided by landlords c. bribery d. higher quality housing
The law of increasing costs indicates that the opportunity cost of producing a good:
A. is proportional to the production of the good. B. is constant to the production of the good. C. increases as more of the good is produced. D. decreases as more of the good is produced.