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Question
Which of the following questions would not be answered in macroeconomics?A. What caused the great depression?
B. At what rate does the US economy typically grow?
C. Did the sharp increase in gasoline prices alter SUV sales?
D. How does government spending affect the economy?
Answer
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Related questions
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B. has an absolute advantage in writing a term paper.
C. always earns an A on his papers.
D. has the lowest opportunity cost for writing a term paper.
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If Scout has an absolute advantage over Dill: A. Scout has more money than Dill.
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D. Trade between the countries is more likely to benefit the small country and harm the larger country.
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Between the U.S. and Nepal, Nepal invests less in new factories and equipment. This will likely cause: A. Nepal's production possibilities curve to shift outward faster than the U.S.'s.
B. The U.S.'s production possibilities curve to shift inward faster than Nepal's.
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Which of the following statements is NOT true about specialization? A. Total economic output is larger due to specialization.
B. After specialization, worker skills are better matched with tasks.
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Q:
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B. if the average benefits exceed the average costs.
C. if the net benefit (benefit minus cost) is zero.
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Q:
Suppose a person makes a choice that seems inconsistent with the cost-benefit principle. Which of the following statements represents the most reasonable conclusion to draw? A. The person (explicitly or implicitly) over-estimated the benefits or under-estimated the costs or both.
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Q:
Which of the following would not be analyzed in microeconomics? A. How to make the largest profit?
B. Whether to study or watch TV tonight.
C. How an early freeze in California will affect the price of fruit?
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Q:
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D. your quantity demanded changed by a movement along the demand function.
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