Which of the following would likely be considered as a topic of microeconomics?
A) a nation's unemployment rate
B) Gross Domestic Product
C) the price of apples
D) the effects of fiscal policy on the economy
C
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. The reported Air Quality Index (AQI)uses data from the EPA’s monitoring of metropolitan statistical areas. 2. The Air Quality Index (AQI) is formed from concentration data collected from a monitoring network that measures hazardous air pollutants. 3. Photochemical smog is caused by a chemical reaction involving criteria pollutants in the presence of sunlight. 4. Among all identified transportation sources, off highway vehicle emissions are the largest contributors to the formation of photochemical smog. 5. Title II of the Clean Air Act Amendments of 1990 strengthened regulations on motor vehicle emissions and fuels.
During 2005-2006 Europe imported more than $70 million worth of U.S. long-grain rice
In 2006, the European Union threatened to restrict imports of long-grain rice because traces of genetically modified rice were found mixed in to commercial supplies. What would NOT be an effect in the European rice market if U.S. imports were banned? A) There would be an increase in long-grain rice consumption. B) There would be an increase European in rice production. C) The price of long-grain rice would increase. D) The quantity of long-grain rice imports would decrease.
Suppose that there are two laws proposed for eviction notices. Plan A requires landlords to give a renter 30 days to vacate an apartment once he has been served an eviction notice. Under Plan B, he has 60 days to vacate an apartment once he has been served an eviction notice. It follows that landlords will find
A) Plan A more expensive than Plan B. B) Plan B more expensive than Plan A. C) both plans to be equally expensive. D) none of the above
All individuals and firms in a country must gain from trade in order for it to be beneficial to the nation
Indicate whether the statement is true or false