The field of economics that would be most concerned with a recent fall in interest rates is:
A. marginal economics.
B. macroeconomics.
C. economic naturalism.
D. microeconomics.
Answer: B
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If inventories decline by more than analysts predict they will decline, this implies that
a. actual investment spending was greater than planned investment spending. b. actual investment spending was less than planned investment spending. c. actual investment spending was equal to than planned investment spending. d. there is no relationship between actual investment spending and planned investment spending.
The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal external cost when 100 billion kilowatt hours are produced is
A) 0¢ per kilowatt. B) 5¢ per kilowatt. C) 10¢ per kilowatt. D) 15¢ per kilowatt. E) 20¢ per kilowatt.
If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded
A) there is a shortage of labor. B) the real wage rate will rise to restore equilibrium. C) the real wage rate is greater than the equilibrium real wage rate. D) None of the above answers is correct.
The marginal revenue curve is the same as the demand curve for the
a. monopolistic competitor b. perfect price discriminator c. oligopolistic price leader d. single price monopoly e. export producer