Microeconomics is the branch of economics that deals with which of the following topics?
D. A and C
A. The behavior of individual firms and investors
E. B and C
B. Unemployment and interest rates
C. The behavior of individual consumers
D. A and C
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In the United States today, economists estimate that the natural rate of unemployment is between ________ and ________ percent
A) 3; 5.5 B) 3; 4 C) 6.5; 7.5 D) 5; 6.5
The word oligopoly means
A) elastic demand. B) few sellers. C) independent action. D) interdependent selling. E) predatory pricing.
What economic impact would the closing of a nearby military base have on a town? Would people and businesses that did not directly deal with the military personnel be affected?
What will be an ideal response?
Money that has no intrinsic value and is created by a government decree is called
A. commodity money. B. fiat money. C. barter money. D. asset money.