Which of the following is a microeconomic topic?
A. the increase in the employment level of the United States in the past year
B. the marketing strategy of the Apple Computer company
C. the rate at which the cost of living has increased in Canada
D. the increase in the amount of imports from China to the United States
Answer: B
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Governments may choose to intervene in a market in an attempt to:
A. encourage the consumption of certain goods. B. discourage the consumption of certain goods. C. redistribute surplus. D. All of these are true.
A budget line is the locus of all points representing every input combination of inputs that the producer can afford to buy with a given amount of money and given input prices
a. True b. False Indicate whether the statement is true or false
Human capital is equally, if not more, important than physical capital.
Answer the following statement true (T) or false (F)
The point where the PPF intersects the horizontal axis is
What will be an ideal response?