The main issues that macroeconomic studies are
a. interest rates, jobs, and government policies.
b. production, costs, and benefits.
c. economic growth, unemployment, and inflation.
d. choices made by household and businesses.
c. economic growth, unemployment, and inflation.
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Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D2 and S2 (point E)
If the technology to produce motorcycles improves and the number of buyers increases, how will the equilibrium point change? A) The equilibrium point will move from E to C. B) The equilibrium point will remain at E. C) The equilibrium point will move from E to B. D) The equilibrium point will move from E to A.
The average standard of living for poor countries will not increase if the population growth exceeds economic growth.
Answer the following statement true (T) or false (F)
The means for assuring accountability and transparency:
A. are opposite to each other; increasing one means decreasing the other. B. may differ across the central banks of different countries. C. involve setting specific numerical targets so there is no confusion as to what the goal is. D. are the same for all successful central banks.
Always Round Tire's new division, Start-up Batteries, finds that its total cost curve, TC = 300 + 2Q + 2Q2 and its demand curve, P = 130 ? 2Q. If the division is operated as an independent profit center, what will be the price and quantity sold each day? Will the division make a profit? If the division is operated purely as a revenue center, how many batteries will they sell each day? If the division is operated as a cost center and told to produce 20 batteries per day, what would be the cost per battery?
What will be an ideal response?