Which of the following is one of the main obstacles for macroeconomics research?
What will be an ideal response?
Macroeconomists cannot run experiments
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The figure above shows a monopoly firm's demand curve. At point t
A) demand is elastic. B) demand is unit elastic. C) demand is inelastic. D) total revenue is at a minimum.
What are property rights?
The bowed shape of the traditional production possibilities curve reflects the
A. fact that not all resources are equally well-suited to producing all goods. B. negative side effects of economic growth. C. problems of inequality. D. costs of unemployment.
If you have $10,000 to start a lawn-cutting business, the interest rate is 4 percent, your cost of equipment is $3,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be
A) $13,000. B) $13,400. C) $35,400. D) $45,000.