Which of the following is considered a microeconomic issue?
A. The unemployment rate in Greece is 22.8 percent.
B. The economic growth rate was reported at 2.4 percent in the first quarter of 2013 for the United States.
C. The country of Zimbabwe has experienced a decline in inflation.
D. The local university decides to raise tuition for online course offerings.
Answer: D
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How does a decrease in the price of one good affect a consumer's budget constraint? How is the effect different from a decrease in the consumer's income?
What will be an ideal response?
An increase in capital outflows from the United States will
A) decrease the balance on the capital account. B) decrease the balance on the financial account. C) increase the balance on the financial account. D) increase the balance on the current account.
The market pricing system corrects an excess supply by.
a. raising the product price and increasing producer profits. b. lowering the product price and decreasing producer profits. c. raising the product price and decreasing producer profits. d. lowering the product price and increasing producer profits.
All of the following are depository institutions, except:
A. insurance companies. B. savings banks. C. credit unions. D. commercial banks.