Which question is an illustration of a macroeconomic question?
A. Is a corporation unresponsive to the demands of its customers?
B. How will the government's budget deficit be affected by public infrastructure projects?
C. Is a consumer boycott an effective means of reducing a product's price?
D. Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline?
Answer: B
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Geographic areas in which pollution is greater than what is allowed by national ambient air quality standards are referred to as
a. mobile source areas b. prevention of significant deterioration (PSD) areas c. nonattainment areas d. air quality control regions (AQCRs)
Which of the following nations can be called a mixed economy?
A. The United States. B. Italy. C. Sweden. D. France. E. All of these nations are mixed economies.
Initially, the creation of railroads was opposed in some countries because:
A) it was likely to increase poverty. B) it was likely to increase the cost of trade. C) it was likely to provide more power to monarchs and rulers. D) it was likely to initiate creative destruction.
The payments system is
A) the method of conducting transactions in the economy. B) used by union officials to set salary caps. C) an illegal method of rewarding contracts. D) used by your employer to determine salary increases.