Macroeconomics is most likely to be concerned with
A. price determination in the car industry
B. relative prices
C. the efficient allocation of resources
D. unemployment and inflation
Ans: D. unemployment and inflation
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An individual labor-demand curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Programs that require people to pay into a common pool and are in turn eligible to draw on benefits under certain circumstances are called:
A. social insurance programs. B. social benefit programs. C. common insurance programs. D. equitable payment programs.
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. In this industry, in the long run
A. demand for the product will decrease so that profits are decreased. B. firms will continue to earn economic profits. C. firms will enter until all firms earn a normal profit. D. the government will impose price controls to eliminate any economic profits.
If a country has an undervaluation problem, the best solution is to
A. sell more of its currency in the foreign exchange market. B. buy less of its currency in the foreign exchange market. C. increase the money supply. D. lower the official rate.