The effects of borrowing by the federal government would be studied by a microeconomist rather than a macroeconomist
a. True
b. False
Indicate whether the statement is true or false
False
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Knowledge and skills are part of ________ in an economy
A) educational functions B) market growth C) human capital D) innovation
According to the survivor principle
A) firms will get taken over by their larger rivals over time. B) only firms that maximize profits survive in highly competitive markets. C) managers only work hard if they are threatened with their survival at the firm. D) eventually all firms merge to become one large monopoly.
The elasticity of supply is given by
A. 
B. 
C. 
D. All of these are correct.
Which of the following payments best exemplifies economic rent?
a. Paige and her roommates sent the landlord a $1,500 payment on the first of every month. b. Miguel let Call Co. place a cell tower on two acres of his bean field in exchange for $45,000 per year. c. Monica made $60,000 a year as a vacation rental agent for a lakefront property company. d. A freelance worker, Wei, bought a $550,000 condo in the city to be closer to his clients.