Which of the following questions is more likely to be studied by a macroeconomist than a microeconomist?
A) Why do prices in general rise by more in some countries than others?
B) Why do wages differ across industries?
C) Does education increase a worker's income on average?
D) Is there usually a gain from trade between two countries?
Correct Answer:
Verified
Q2: What does the simple circular-flow diagram illustrate?
A)that
Q3: Which of the following statistics is the
Q4: In order to include many different products
Q7: In a simple circular-flow diagram, how are
Q8: In a simple circular-flow diagram, how are
Q9: Why does expenditure equal income?
A) because firms
Q9: How is GDP computed?
A)Add up the quantities
Q10: For which of the following purposes do
Q18: If GDP rises, what happens?
A) Income and
Q19: What is the relationship between income and
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