Which of the following is an example of a topic studied by macroeconomists?
A) Utility maximization by a consumer B) Decision making by a producer
C) Aggregate demand in an economy D) Price determination by a firm
C
You might also like to view...
If outsiders had more say in union contracts then it is likely that union wages would be
a. higher so unemployment would be higher. b. higher so unemployment would be lower. c. lower so unemployment would be higher. d. lower so unemployment would be lower.
When Adam Smith presented his theory of absolute advantage, he assumed that all "value" in an economy was determined by and measured in terms of the ________ used in the production of the various goods.
A. area of land B. labor hours C. amount of money D. amount of physical capital
Why does competition force firms to use the least-cost, most efficient, productive techniques?
Please provide the best answer for the statement.
Compared to the first quarter of 2000, housing prices in Spain increased by 250% in the ________.
A. third quarter of 2007 B. second quarter of 2009 C. first quarter of 2011 D. fourth quarter of 2003