The two broad fields that make up the subject of economics are:
A. microeconomics and macroeconomics.
B. personal investments and business investments.
C. fiscal policy and monetary policy.
D. imports and exports.
A. microeconomics and macroeconomics.
You might also like to view...
The marginal rate of technical substitution is measured by
A) the relative input prices. B) the slope of the isocost line. C) the slope of the isoquant. D) the ratio of the product's price to the product's cost of production.
The ________ is defined as the payments to the owner plus the change in a security's value expressed as a fraction of the security's purchase price
A) yield to maturity B) current yield C) rate of return D) yield rate
During a recession, government deficits can grow because:
A. government spending often increases as part of an expansionary fiscal policy. B. income tax revenues tend to decrease because people are earning less. C. sales tax revenues tend to decrease because people are spending less. D. All of these are true.
Large firms are able to lower their costs by taking advantage of ___________________.
Fill in the blank(s) with the appropriate word(s).