Microeconomic topics do not usually include:
A) the impact of large government budget deficits on private investment spending.
B) the determinants of the supply of wheat by farmers.
C) the determinants of the demand for DVD players by consumers.
D) the impact of a change in the price of leather used to manufacture shoes.
Correct Answer:
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Q93: Macroeconomic topics do not generally include:
A)inflation.
B)aggregate demand.
C)government
Q94: When economists assume that people act rationally,
Q95: Economists believe that individuals act as if
Q96: When making decisions, economists believe that individuals
Q97: The branch of economics that focuses on
Q99: The determination of prices in the market
Q100: Most of economic analysis assumes that most
Q101: In his book, The Wealth of Nations,
Q102: Economics is different from a "hard" science
Q103: Economists need to develop abstractions in order
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