Which of the following questions is NOT a microeconomic question?
A) Can the Reserve Bank keep income growing by cutting interest rates?
B) What is the opportunity cost of building another airport in Sydney?
C) Does Australia have a comparative advantage in information technology services?
D) How would a tax on e- commerce affect eBay?
Correct Answer:
Verified
Q2: In economics, positive statements are about
A)microeconomics, not
Q3: Normative statements are statements about
A)quantities.
B)what ought to
Q4: Which of the following are considered factors
Q6: An economic model is
A)a description of some
Q8: You have the choice of going on
Q9: The vertical axis in a graph
A)is named
Q10: Suppose we are considering the relationship between
Q11: Which of the following is an example
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