Which of the following is the best example of a microeconomic topic?
a. The impact that the money supply has on inflation.
b. The reasons for increases in the price of soft drinks.
c. The effect that federal budget deficits have on the interest rate.
d. The tradeoff between inflation and unemployment.
b
You might also like to view...
The U.S. government spent $5 million during a particular year in providing food and shelter to earthquake victims in Japan. This is an example of a(n) ________
A) export to Japan B) transfer payment to Japan C) factor payment to Japan D) import from Japan
A democratic (majority rule) decision over a multi-dimensional issue can be manipulated by an agenda setter only if voter tastes are not single-peaked.
Answer the following statement true (T) or false (F)
Which of the following statements is true of the demand curve and the marginal revenue curve of a monopolist?
A) Both curves have the same intercept on the price axis. B) The demand curve is downward sloping while the marginal revenue curve is upward sloping. C) The intercept of the demand curve on the price axis is higher than the intercept of the marginal revenue curve. D) The intercept of the demand curve on the price axis is lower than the intercept of the marginal revenue curve.
Money serves the following function(s):
(a) Medium of exchange (b) Store of value (c) Unit of account (d) All of the above