Which of the following is not a topic studied in Macroeconomics?
A. the unemployment rate
B. the inflation rate
C. the price of Dell computers
D. gross domestic product
Answer: C
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Risk-averse individuals will diversify their investments because this will:
a. increase their expected returns. b. provide them with some much-needed variety. c. reduce the variability of their returns. d. reduce their transaction costs.
A ______ cost is ______ if the firm incurs the cost even if it produces no output.
A. fixed; sunk B. fixed; explicit C. variable; sunk D. fixed; avoidable
Under certain assumptions, the actions of elected officials mimic the wishes of the median voter.
A. True B. False C. Uncertain
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. This farmer will earn ________ economic profit if the price is $10.
A. -$2. B. $0. C. $2. D. $7.