Macroeconomics studies the following topics:
A) national output, the inflation rate, and the trade deficit.
B) the price of Cisco stock and wage differences.
C) differences in market structure.
D) all of the above.
A
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The value of a corporation typically rises when stockholders allow the corporation to reinvest its profit rather than pay out dividends
Indicate whether the statement is true or false
The term "market basket" means a
A. collection of goods that can fit into an average shopping cart. B. collection of goods that is purchased during a holiday season. C. collection of goods that changes every year and is defined by Congress. D. collection of goods that is used by a typical family.
If elasticity of demand is 5 and price is raised from $10 to $11, by what percentage will quantity demanded fall?
What will be an ideal response?
An externality can be a cost or benefit arising from the production of a good that falls upon
A) consumers but not producers. B) producers but not consumers. C) both the consumer and the producer. D) someone other than the consumer or producer.