Microeconomics and macroeconomics are closely linked
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The greater the degree of economic integration between markets in the home country and the base country:
A) the greater the volume of transactions and the greater the benefit to the home country of fixed exchange rates. B) the smaller the volume of transactions and the lesser the benefit to the home country of fixed exchange rates. C) the greater the volume of transactions and the greater the benefit to the home country of flexible exchange rates. D) the less important the volume of transactions and the greater the importance of ethnic similarities.
Shortages are associated with price _______; surpluses are associated with price _______.
A. floors; ceilings B. ceilings; floors C. equilibrium; equilibrium D. None of these choices are correct.
Compared to Italy and Japan in recent years, the debt as a percentage of GDP in the US is
A. roughly equal. B. substantially greater. C. substantially smaller. D. slightly smaller.
Which of the following displays these two characteristics: nonrivalry and nonexcludability in consumption?
A) public goods B) private goods C) quasi-public goods D) common resources