Macroeconomics is the study of individual economic markets.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is CORRECT?
A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same. B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same. C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same. D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.
Long-run economic growth requires all of the following except
A) government provision of secure property rights. B) political instability. C) technological change. D) increases in capital per hour worked.
Regulatory capture is where
A) governments take over monopolies through use of regulation. B) firms impose barriers to entry on regulators. C) regulators of an industry look out for the industry instead of society. D) the government taxes the profits of monopolies such that all producer surplus goes to the government.
States rely primarily on income taxes as a source of revenue
a. True b. False Indicate whether the statement is true or false