Which of the following would be a topic considered in the field of macroeconomics?
a. Studying the amazing recent growth of the Chinese economy.
b. Studying the movement of US manufacturing firms to China.
c. Studying the differences in wages between menand women in the United States.
d. Studying the effect of rent controls on the housing market in New York City.
e. Studying the impact of environmental regulations on the well-being of human populations.
A
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Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective
Indicate whether the statement is true or false
Suppose the Canadian government's budget is G = $200 and T = $100 while the U.S. government's budget is G = $800 and T = $800 . We can conclude that
a. Canada has a deficit budget while the U.S. has a balanced budget and the Canadian budget is more expansionary than the U.S.'s b. both budgets are balanced and the balanced budget multiplier in Canada is 0.5 while in the U.S. it is 0.8 c. Canada has a surplus budget while the U.S. has a balanced budget and the Canadian budget is more expansionary than the U.S.'s d. Canada has a deficit budget while the U.S. has a balanced budget and the Canadian budget is less expansionary than the U.S.'s e. Canada has a surplus budget while the U.S. has a balanced budget and the Canadian budget is less expansionary than the U.S.'s
Taken together, iPod and iTunes are ________.
A) substitute goods B) complementary goods C) competitive goods D) monopolistic goods E) intangible goods
The contestable market model of oligopoly bases pricing and output decisions on:
A. the threat of new entrants into the market. B. market structure. C. market share. D. the degree of product differentiation.