Which of the following would macroeconomics study?
a. a general rise in prices
b. a decline in coffee prices
c. the success rate of sandwich shops
d. the work habits of students
Ans: a. a general rise in prices
Economics
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Pollution problems generally represent
A) cases of good versus evil. B) cases of villain versus victim. C) morally neutral disagreements over competing uses of a scarce resource. D) Both a and b are correct.
Economics
John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000. If there is a 10 percent chance that he could lose all his wealth, what is his expected wealth?
A) $0 B) $2,000 C) $17,000 D) $18,000
Economics