Macroeconomics is distinguished from microeconomics by its concentration on
A. choices.
B. the performance of national economies and ways to improve upon their performance.
C. individual markets.
D. the level of prices in specific markets.
Ans: B. the performance of national economies and ways to improve upon their performance.
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The value of Russia's petroleum exports rises predictably when it is cold in Europe and declines during the warmer months. Is the spot exchange rate (euro/RUB) likely to match this pattern?
What will be an ideal response?
Total utility always decreases when additional amounts of a commodity are consumed
a. True b. False Indicate whether the statement is true or false
A budget constraint is:
A. a line that is composed of the additional utility gained from consuming possible combinations of goods and services that a consumer can buy with his or her income. B. a line that is composed of all the possible combinations of goods and services that a consumer can buy with his or her income. C. a line that is composed of all the possible combinations of goods and services that maximize a consumer's total utility. D. a line that is composed of the total utility gained from consuming all possible combinations of goods and services that a consumer can buy with his or her income.
When the government increases its demand for loanable funds, it causes the:
A. demand for loanable funds curve to shift to the right. B. supply of loanable funds curve to shift to the right. C. demand for loanable funds curve to shift to the left. D. supply of loanable funds curve to shift to the left.