Which of the following is a macroeconomic statement?
A) The gross profits of all Canadian businesses were $70 billion last year.
B) The price of beef declined by 3 percent last year.
C) General Motors' profits increased in 2012.
D) The productivity of steelworkers increased by 1 percent in 2012.
Correct Answer:
Verified
Q57: How is the economic perspective reflected in
Q58: At fast-food restaurants:
A)consumers enjoy complete and accurate
Q59: The "economic perspective" entails:
A)rational behaviour by individuals
Q60: An economic model is:
A)a value judgment.
B)a fact.
C)built
Q61: Which of the following statements pertains to
Q63: Economics is concerned with using scarce productive
Q64: Which of the following is associated with
Q65: Which of the following is a microeconomic
Q66: A normative statement is one which:
A)is based
Q67: Microeconomics is concerned with:
A)the aggregate or total
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