Macroeconomics is concerned with studying the
A) behavior of individual decision makers.
B) performance of the economy as a whole.
C) prices of specific companies' stocks.
D) wants of individual consumers.
B
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An increase in the minimum wage for unskilled labor tends to
A) generate unemployment among unskilled laborers. B) increase the quantity supplied of unskilled laborers. C) decrease the quantity demanded for unskilled laborers. D) encourage employers to seek substitutes for unskilled labor. E) accomplish all of the above.
An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida. B) increase the cost of homes in Florida for American buyers. C) reduce Canadian demand for winter homes in Florida. D) reduce the cost of homes in Florida for Canadian buyers.
An excess demand in a market implies that
a. the amount demanded is less than the amount supplied b. price is greater than the equilibrium price c. a shortage of the good exists d. a surplus of the good exists e. the government must implement a price ceiling
Eliminating health disparities across various population groups requires that we:
a. initiate health system reform to bring about universal insurance coverage. b. address the source of many individual disparities that rest in behavioral, socioeconomic, and environmental factors. c. expand in-patient hospital access for inner-city residents. d. focus solely on improving the health of our most vulnerable population groups. e. provide better health and nutritional education.