Which of the following is not one of the four broad categories of resources?
A) labor
B) money
C) capital
D) entrepreneurship
E) land
B
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The automobile industry is an oligopoly.
Indicate whether the statement is true or false.
When differences between nominal GDP and real GDP result due to price changes and nothing else is compared, an index is created called the
A) consumer price index. B) index of leading indicators. C) GDP deflator. D) inflation index.
Liane maximizes her total utility when she allocates all of her available income such that the marginal utility per dollar spent on each good ________
A) is diminishing B) is maximized C) is the same D) is increasing
In macroeconomics, we analyze
a. all of the following b. the overall performance of the economy as a whole c. arrangements through which specific products are exchanged d. influences on the decision making of particular households e. the factors that affect the decisions of individual firms