Who probably would argue that you need to study the trees before you can understand the forest?
A. A Keynesian economist
B. A positive economist
C. A macroeconomist
D. A microeconomist
Answer: D
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What is the difference between the average cost per unit for 5 units and the marginal cost of the 5th unit?
a. 196 b. 86 c. 40 d. 110
Matt graduated from college six months ago and is currently without work. He accepted a job that will start in three months. Today, Matt is
A. not in the labor force. B. in the labor force. C. employed. D. a discouraged worker.
What is an income statement?
What will be an ideal response?
An insurance premium is a
A) payment made by an insurance company to a policyholder after the occurrence of an insurable event. B) payment made by an insurance company to a policyholder following a period in which the policyholder has filed no claims against the company. C) fee paid by policyholders to insurance companies as payment for coverage. D) fee paid by policyholders to insurance companies in exchange for special considerations, such as a particularly large policy.