A macroeconomist would concentrate on which of the following issues?
a. the price of pizzas
b. the profits of the IBM Corporation
c. the unemployment rate in Germany
d. the market for hot dogs
c
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If the painting firms in a city sign a contract outlining a pricing plan, they are involved in
A) price regulation. B) collusion. C) price competition. D) a legal form of business contract in the United States.
Since 1960, total federal tax revenue as a share of total output was the highest in the year _____
a. 1965 b. 1970 c. 1998 d. 2003
Economic theory states that the optimal depletion rate will
a. Imply the extraction of all of a resource now as long as interest rates are positive b. Increase as the discount rate is raised c. Decrease as the discount rate is raised d. Always ignore benefits to future generations e. Always create excessive pollution
According to the dependence theory, the developing world is known as the
a. backward areas. b. periphery. c. first world. d. center.