The market price of a gallon of gasoline is a
A) macroeconomic topic,because the market in gasoline is nationwide.
B) microeconomic topic,because it involves the price of a single good.
C) macroeconomic topic because of the large volume of gasoline bought and sold each day.
D) microeconomic topic,because the price of a gallon of gasoline is less than $10.
E) macroeconomic topic,because the price of gasoline has implications for the whole economy.
Correct Answer:
Verified
Q1: Gross domestic product (GDP)per capita is a
Q2: Macroeconomics includes the study of
A) individual markets.
B)
Q3: Economists measure the total output of an
Q4: Gross domestic product (GDP)is most often measured
Q6: A country with a small per capita
Q7: Which of the following is a sign
Q8: To determine living standards for the average
Q9: Gross domestic product (GDP)is defined as the
Q10: Suppose a particular model of smartphone contains
Q11: Which of the following is a topic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents