The branch of economics that studies the decisions of individuals and firms is called
A) macroeconomics.
B) microeconomics.
C) microeconomics and macroeconomics.
D) positive economics.
E) normative economics.
B
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An increase in perceived risk of foreign assets increased both the financial account surplus and current account deficit in the United States during the late 1990s
Indicate whether the statement is true or false
A positive (non-zero) price for a good means there is a surplus of that good
a. True b. False Indicate whether the statement is true or false
The offsetting effect of private saving compared to __________ borrowing is much less than one-to-one.
a. private b. government c. corporate d. international
Education increases the stock of which factor of production?
A) physical capital B) human capital C) land D) entrepreneurship