Which of the following is a macroeconomic statement?
A) The gross profits of all Canadian businesses were $60 billion last year.
B) The price of computers declined by 3 percent last year.
C) Bombardier's profits decreased last year.
D) The productivity of Canadian steelworkers increased by 1 percent last year.
E) The prices of science and technology stock rose by 10 percent last year.
Correct Answer:
Verified
Q2: Economic resources do NOT include:
A)natural resources
B)real capital
Q3: The economic problem is essentially one of
Q4: The fundamental problem of economics is:
A)to establish
Q5: Which of the following is a microeconomic
Q6: Economists assume that people customarily behave rationally,meaning
Q8: Microeconomics is concerned with the:
A)total levels of
Q9: As used in economics,the notion of scarcity
Q10: Economics is primarily the study of:
A)why resources
Q11: Economics can best be described as the
Q12: Because of scarcity,the efficient use of resources
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