Which of the following is NOT studied in microeconomics?
A) the effect of an increase in gasoline taxes on the purchase of gasoline
B) the impact of an increase in the unemployment rate on economic production
C) the impact of firms' collective hiring choices on the aggregate unemployment rate
D) the impact of higher fuel prices on the cost of airline tickets
B
You might also like to view...
In game theory, the strategy that always yields the highest benefit for the player using it is the
A) dominant strategy. B) cooperative strategy. C) prisoners' strategy. D) matrix strategy.
Which of the following statements is most accurate about immigration in the 20th century?
a. The largest numbers of immigrants were during the "boom decades" like the 1920s, 1960s, and 1990s. b. The number of immigrants decreased from 1900 until the Great Depression, increased consistently between 1940 and 2000, and is now about the same as it was in 1900. c. Immigration was greatest during World War I and World War II as many people from around the world fled to the United States for safety. d. Immigration has decreased dramatically in the last 30 years as the federal government instituted more restrictions and cracked down on illegal immigration.
Which of the following states the definition of supply?
a. More of a good is supplied at a lower price. b. There is a positive relationship between the price of a good and the quantity that buyers purchase. c. There is a positive relationship between the price of a good and the quantity offered for sale by suppliers. d. There is a negative relationship between the price of a good and the quantity offered for sale by suppliers.
If we wanted to consider all the money that had been "multiplied" in the economy, we would think about:
A. hard money. B. M1. C. M2. D. None of these.