The sub-discipline of economics that focuses especially on individual markets is:

a. normative economics.
b. positive economics.
c. microeconomics.
d. macroeconomics.
e. econometrics.


c

Economics

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The labor force includes people who i. are less than 16 years of age. ii. are in institutions. iii. are actively seeking a job but do not have a job

A) i only B) i and iii C) i and ii D) iii only E) i, ii, and iii

Economics

New classical macroeconomic theory emphasizes the role of "sticky" prices in the economy

Indicate whether the statement is true or false

Economics

If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a tail?

A) 0 B) 1/50 C) 1/25 D) 1/2

Economics

When government mandates participation in a program to solve an information asymmetry problem, it is trying to prevent:

A. moral hazard. B. adverse selection. C. building a reputation. D. illegal screening.

Economics