The overall performance of the economic system as a whole is the focus of
a. international finance
b. labor economics
c. microeconomics
d. macroeconomics
e. public economics
D
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Explain how the introduction of an additional competitive market can always solve the efficiency problem that emerges from a positive externality.
What will be an ideal response?
In many cities, the price of summer pops concerts has risen. In Charlotte, North Carolina, and Columbus, Ohio, for example, concerts that were once free now cost $5 . If there are only fixed costs and no variable costs nor marginal costs in an orchestra concert, what is the efficient price? Explain the reason why some people will find the efficient price unfair
Inflation targeting does all of the following except:
A. communicate policymakers' objectives clearly and openly. B. increase policymakers' accountability. C. increase policymakers' credibility. D. hinder economic growth.
Capitalism is an economic system in which the production process is controlled primarily by private firms operating in markets.
Answer the following statement true (T) or false (F)