Which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist?
a. the effect of taxes on the prices of airline tickets, and the profitability of automobile-manufacturing firms
b. the price of beef, and wage differences between genders
c. how consumers maximize utility, and how prices are established in markets for agricultural products
d. the percentage of the labor force that is out of work, and differences in average income from country to country
d
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Even though the catalogs listed in the Application were reissued every six months, the prices which were tracked in these retail catalogs
A) were not listed due to low rates of inflation. B) changed every month. C) tended to fall during periods of high inflation. D) were typically fixed for a year or more.
An example of fixed investment spending is
A) the purchase of a new apartment building by a property management company. B) the purchase of corporate bonds by Microsoft Corporation. C) the purchase of a new wood chipper by a landscape maintenance company. D) $4 million in unsold furniture at a home furnishings manufacturer.
To make a threat more credible, managers can do all of the following except which one?
A) make competitors aware of the firm's plans B) keep competitors in the dark about the firm's plans C) take action to lower the firm's costs D) take action to increase the firm's capacity
The term "economic freedom" means
A) the right to own private property. B) the right to trade goods and services. C) the right to own financial assets. D) all the above.