Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 20, Problem 2.2P
To determine
The market for each of the items listed.
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Which of the following questions would be studied in the area of microeconomics?
Select one:
a.
What determines the number of hours an individual works?
b.
Do interest rates affect net exports?
c.
Will an increase in government spending cause inflation?
d.
What portion of total spending comes from households in the economy?
a. You buy a pair of new cowboy hat on a trip to Texas .
b.You buy a pair of vintage cowboy boots from your cousin in El Paso
c. A cat burglar sells $10,000 of stolen jewelry to a fence
d.apple issues $1 billion worth of new shares
e.GM purchases $100 million worth of tires from Firestone
f. A private company builds a new road in Memphis
g.Stay-at-home parents provide an estimated $500 million of child care services .
h.The government pays out unemployment benefits
Hello:
Which of the following best describes a microeconomic question?
(A) What is the value of US dollar in terms of other foreign currencies?
(B) Should a particular firm enter a market?
(C) Is the company of Japan in a recession?
(D) What is the value of the goods and services that the United States produces every year?
(E) What is the aggregate price level in an economy?
Chapter 20 Solutions
Principles of Economics (12th Edition)
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