Which of the following are issues most explored in microeconomics? (check all that apply)
a. Unemployment and inflation rates
b. A firm's decision to hire more workers.
c. Measuring the total revenues of a firm or household
d. The level of public debt
e. Measuring the price of specific goods
f. The expenditures of a government entity
b. A firm's decision to hire more workers.
c. Measuring the total revenues of a firm or household
e. Measuring the price of specific goods
f. The expenditures of a government entity
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The objective of creating a permit trading system for SO2 (sulfur dioxide) is to
A) employ environmental protection agency (EPA) workers. B) create a market in which one did not previously exist. C) make annual company tax reporting more difficult. D) increase the incidence of acid rain.
Refer to the information provided in Table 8.8 below to answer the following question(s). Table 8.8Number of Fruit BasketsTFCTVCTCMC0$100 $0$100 --11002012020210030 13010310042 14212410062 16220510092 192306 100136 236 44Refer to Table 8.8. Assume that Polynesian Fruit sells fruit baskets in a perfectly competitive market. The market price of a fruit basket is $44. To maximize profits, Polynesian Fruit should sell ________ fruit basket(s) and their profit is ________.
A. four; $14 B. five; $28 C. three; $10 D. six; $28
Based on the table above, equilibrium real GDP is
A) $6 trillion. B) $7 trillion. C) $9 trillion. D) $8 trillion. E) $10 trillion.
The exogenous variable in the monetary policy curve is ________
A) the policy parameter, ? B) the real interest rate C) the autonomous component, D) the federal funds rate E) the inflation rate