Which of the following is considered a macroeconomic topic?
A. iTunes raises the price of all its music.
B. iTunes raises the price of its pop artists’ music only.
C. Jay-Z decides to sell his Brooklyn Nets minority ownership.
D. The labor force participation rate in the US fell by 1 percent in 2010
D. The labor force participation rate in the US fell by 1 percent in 2010
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In what way did the Dodd-Frank Act reduce bank revenue?
A) It increased the amount banks had to pay on interest to depositors. B) It reduced fees banks could charge when customers took out loans. C) It reduced the amount of interest banks could charge on mortgages. D) It capped the fees that banks could charge stores for debit card transactions.
A unit tax is a fixed amount per unit of a commodity sold.
A. True B. False C. Uncertain
Market structure
a. has no influence on a firm's decision making b. applies only to industries regulated by the government c. is determined entirely by demand conditions in the industry d. influences the forms of competition among firms e. does not affect product price or quantity of output
GDP per capita is a relatively good measurement of:
a. the distribution of income. b. purchasing power. c. household production. d. the standard of living.