Microeconomics is the study of aggregate behavior in the economy

Indicate whether the statement is true or false


FALSE

Economics

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Refer to Table 2-5. Finland has a comparative advantage in the production of

A) lumber. B) neither product. C) cell phones. D) both products.

Economics

In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:

a. inventory is unchanged. b. inventory is depleted. c. employment increases. d. GDP decreases.

Economics

When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve sells bonds, then the money supply curve

a. shifts right, causing the price level to rise. b. shifts right, causing the price level to fall. c. shifts left, causing the price level to rise. d. shifts left, causing the price level to fall.

Economics

Enron's bankruptcy is much more troubling than Kmart's or Global Crossing's because

A. Enron was much bigger. B. Enron had more stockholders. C. Enron had more employees. D. Enron's trouble resulted from corrupt accounting practices.

Economics