_____________________ (Microeconomics/Macroeconomics) is the discipline that ezamines the performance and behavior of an economy as a whole.
Fill in the blank(s) with the appropriate word(s).
Macroeconomics
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If the government implements a price ceiling on insulin, this will
A) decrease the quantity of insulin the manufacturers will be willing to supply. B) encourage manufacturers to produce and sell more insulin to increase their profits. C) have to be set above the market equilibrium price to be effective. D) increase the price consumers will pay for insulin.
If the working-age population increases, then
A) the labour force participation rate will increase. B) the total number of people aged 15 years and above will increase. C) the number of people employed will increase. D) the size of the labour force will increase. E) the unemployment rate will increase. B) the total number of people aged 15 years and above will increase.
The increase in the number of surgeries performed outside hospitals will tend to shift the ________ curve for medical services to the ________
A) demand; left B) demand; right C) supply; left D) supply; right
What is Italy's opportunity cost of producing 3 art books?