Microeconomics is concerned with inflation or deflation, output growth and unemployment.
Answer the following statement true (T) or false (F)
False
Economics
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Refer to the scenario above. What is the total cost involved if Maria chooses to travel by train?
A) $60 B) $400 C) $420 D) $460
Economics
If the capital stock increases, then the economy can produce ____ output with the ____ amount of labor
a. same, same b. less, same c. more, same d. less, less
Economics
Refer to the table above. If there is no statistical discrepancy, the capital and financial account balance equals
A) -$200 billion.
B) +$200 billion.
C) -$220 billion.
D) +$220 billion.
E) +$20 billion.
Economics
Which of the following would most likely exhibit the highest price elasticity of demand?
A. salt B. Colgate toothpaste C. gasoline D. motor oil
Economics