We can use macroeconomic analysis to:
A. learn how to balance a checkbook.
B. study the choices made by households.
C. understand marginal changes in the macroeconomy.
D. understand why economies grow.
Answer: D
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Why does a monopoly firm not have a supply curve?
What will be an ideal response?
An effective import quota is one that
a. reduces imports to zero b. increases exports c. reduces the price of an imported good below the world price d. limits imports to less than what would be imported under free trade e. reduces demand for a good to zero
Which of the following measures the rate of return a bond is expected over time?
a. Bond yield b. Interest rate c. Bond equity d. Coupon rate
If the government imposes a sales tax on a good with a relatively more inelastic demand, the _____
a. tax revenue collected by the government will be large b. tax revenue collected by the government will be small c. deadweight loss from the tax will be large d. tax burden on producers will be large