Which of the following is a microeconomic question?
A) How much will be saved and how much will be produced in the entire economy?
B) What will the level of economic growth be in the entire economy?
C) What factors determine the price of carrots?
D) What determines the average price level and inflation?
Answer: C
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The Troubled Asset Relief Program (TARP) allowed
A) the Treasury to inject funds into commercial banks in return for stock in the banks. B) the Fed to provide funds to commercial banks in return for stock. C) the Treasury to insure bank deposits at major U.S. banks. D) the Fed to make loans to banks as the lender of last resort.
If entry into an industry was very easy, the four firm concentration ratio would not be a very useful index of the competitiveness in that industry
a. True b. False Indicate whether the statement is true or false
Forming a cartel is illegal in _____
a. the United States b. Canada c. India d. Australia
Jacob' sandwich stand merges with a company that supplies the condiments to Jacob. This is an example of
A. concentration ratio. B. conglomerate merger. C. vertical merger. D. horizontal merger.