The study of how one business firm sets its prices would fall under the study of:
a. Economic growth
b. Microeconomics
c. Income distribution
d. Macroeconomics
b. Microeconomics
Economics
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State the law of diminishing marginal returns
What will be an ideal response?
Economics
When the product demand is inelastic, labor demand is
a. low b. high c. elastic d. inelastic e. nonunion
Economics
The reason poor, young, unmarried women allow themselves to get pregnant is so they can get on welfare, according to conservatives like ____________.
Fill in the blank(s) with the appropriate word(s).
Economics
If U.S. residents purchase $450 billion of foreign assets and foreigners purchase $575 billion of U.S. assets, then the U.S. has net capital outflows of -$125 billion and a trade deficit of $125 billion
a. True b. False Indicate whether the statement is true or false
Economics