Determining the price of mobile phones is a concern of:
A. macroeconomics.
B. microeconomics.
C. both macroeconomics and microeconomics.
D. neither macroeconomics nor microeconomics.
Answer: B
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Which of the following is likely to decrease the exchange rate of Yen to euros (¥/€)?
A) an increase in investment opportunities in the U.S. B) a decrease in investment opportunities in the eurozone C) a decrease in demand for European goods in Japan D) an increase in investment opportunities in the eurozone
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.
Why have China and India received so much international attention and investment?
What will be an ideal response?
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price increase for each good would most likely cause total revenues from good A to:
A. Increase and total revenues from good B to decrease B. Increase and total revenues from good B to increase C. Decrease and total revenues from good B to increase D. Decrease and total revenues from good B to decrease