Which of the following is NOT studied in microeconomics?
A. the impact of government spending on the unemployment rate
B. the impact of higher fuel prices on the cost of airline tickets
C. the effect of an increase in gasoline taxes on the purchase of gasoline
D. the impact of firms' hiring choices on their employees' wages
Answer: A
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How would a decrease in price of Blu-Ray movies affect the demand for Blu-Ray players?
A. Decrease the demand B. Increase the demand C. Increase in supply D. Increase in quantity demanded
The aggregate supply curve (short run) ________.
A. graphs as a horizontal line B. slopes downward and to the right C. slopes upward and to the right D. graphs as a vertical line
The flawed character cause of poverty refers to individual defects in aspiration or ability
Indicate whether the statement is true or false
An arrangement between firms whereby decision-making is controlled by a board of trustees is known as:
A. a trust. B. a compact between industry and government. C. predatory pricing. D. a merger.