A study of how increases in tax rates will affect the national unemployment rate is an example of
A) microeconomics.
B) macroeconomics.
C) descriptive economics.
D) normative economics.
Correct Answer:
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Q3: Economists use the term 'capital' to mean
A)
Q4: In return for supplying factors of production,
Q5: Which of the following are factors of
Q6: _is related to wants and _ is related
Q7: A study of whether or not employers
Q9: Macroeconomics is the branch of economics that
Q10: Economists define the rate of inflation as
Q11: The cut in VAT to tackle the
Q12: An example of a demand- side government
Q13: The total demand for goods and services
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