Macroeconomics is the study of
a. how wages are determined in a specific labor market
b. how to use the fewest natural resources to produce public goods
c. what is happening in the economy as a whole
d. how consumers and producers interact in individual markets
e. the price and the quantity exchanged in a market
C
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How does the decreasing use of traditional cameras affect the market for traditional camera film?
A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the right. C) The demand curve for traditional camera film shifts to the left. D) The quantity of traditional camera film demanded increases.
In 2004, an example of cashless society is
A) U.S.S. Harry S. Truman. B) United States. C) Japan. D) U.S. Universities.
Which of the following is NOT a basic assumption of the "Lucas" model?
A) slow adjustment of wages and prices B) rational expectations C) imperfect information D) market-clearing
The Doing Business reports are considered by many economists to have contributed to economic growth and poverty reduction. The effectiveness of the reports may be attributed to ________
A) their encouragement to governments to reduce impediments to business B) their encouragement to businesses to migrate to business-friendly locations C) their deepening of economists' understanding of economic growth D) their exposing of corrupt officials and practices