Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of
A) output of a specific firm. B) employment in the economy.
C) employment in a specific industry. D) output of a specific industry.
B
You might also like to view...
When _____, we are at the optimal amount of pollution
a. pollution is at zero b. pollution is equal to the amount produced in an unregulated market c. the total cost of pollution is equal to the total cost of pollution abatement d. the marginal cost of pollution is equal to the marginal cost of pollution abatement
According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A. market transactions will decrease by 7.
B. market transactions will decrease by 3.
C. market transactions will decrease by 10.
D. market transactions will not change, only price has changed.
American and European farmers can sell their crops well below the cost of production thanks to ____________ given by their respective governments.
Fill in the blank(s) with the appropriate word(s).
Suppose a large tree on Jack's property blocks Amy's view of the ocean. Jack accepts Amy's offer of $2,000 to cut down the tree. This is an example of
A. internalizing externalities via voluntary agreements. B. a consequence of a positive externality. C. a result of logrolling. D. a consequence of private costs exceeding social costs.