Microeconomics deals with the analysis of all the following questions except how:
A. the wages of carpenters are determined.
B. high did unemployment rise during the Great Depression.
C. does Ford decide how to price its cars.
D. does a college student decide how to spend her income.
Answer: B
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Receiving $100 at the end of the next three years is worth more to me than receiving $260 right now, when my required interest rate is 10%
a. True b. False
In which of the following market structures can a firm earn an economic profit in the short run?
a. Perfect competition b. Monopolistic competition c. Monopoly d. All of these market structures can earn an economic profit in the short run
Describe the size of government employment as a percentage of the labor force. What are three major types of government employment at the state and local levels and at the Federal level?
What will be an ideal response?
If the marginal tax rate equals the average tax rate, the tax would be
A. proportional. B. regressive. C. progressive. D. uniform.