Which of the following top is NOT studied using microeconomics?
A. Ford's decision to introduce a new car model.
B. An individual's decision to get married.
C. A person's decision whether or not to commit a crime.
D. An individual's moral values.
D. An individual's moral values.
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What are the two important properties of all models?
What will be an ideal response?
Government spending on child development promotes economic productivity by ________
A) encouraging research and development B) increasing national savings C) increasing human capital D) building infrastructure
Supply-side economics concentrates on the benefits of reducing marginal tax rates. Describe three ways that high marginal tax rates are likely to retard output growth
Which of the following is the best example of a consumption good?
a. mp3 player b. farm c. factory d. bulldozer