An example of a question that might be explored in microeconomics is to determine
A) the number of workers employed by Intel.
B) savings by the household sector.
C) why the U.S. economy has grown more rapidly than the Japanese economy.
D) the total employment within the U.S. economy.
A
You might also like to view...
The slope of the aggregate supply curve becomes steeper, the faster the costs of production adjust to prices and the smaller the amount of excess capacity in the economy
a. True b. False Indicate whether the statement is true or false
If the nominal interest rate is higher than the inflation rate, the value of your savings:
A. should remain about the same. B. cannot be assessed without knowing the beginning balance of savings. C. will decrease. D. will increase.
Assume the peanut industry, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for peanuts increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at a price
A. equal to $5. B. less than $5. C. greater than $5. D. either greater than or less than $5, depending on the number of firms that enter the industry.
In the mid- to late 1980s, the United States had "twin deficits" because both ________ and ________ were negative.
A. government saving; private saving B. the current account; investment C. saving; investment D. government saving; the current account