The study of the changes in the economy's total output of goods and services over long periods of time is defined as
A) normative economics.
B) microeconomics.
C) positive economics.
D) macroeconomics.
Correct Answer:
Verified
Q14: Scarcity can be eliminated through
A) exploration that
Q124: If the marginal cost of an activity
Q174: Marginal cost is the cost
A)that arises from
Q176: The "gifts of nature" are included as
Q177: If a large change in the variable
Q180: Macroeconomics differs from microeconomics in that
A)macroeconomics studies
Q181: To graph a relationship among several variables,
Q182: Economic models
A)include all relevant facts.
B)always use graphs.
C)simplify
Q183: The fact that a rock star earns
Q421: ![]()
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