A microeconomist might study which of the following?
a. the collapse of US financial markets in 2007-2009
b. the causes of the Great Depression
c. the movements of prices for unleaded gasoline
d. the role of expectations in the determination of the level of real GDP
e. the trade-off between inflation and unemployment
C
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Mothers Against Drunk Drivers (MADD) campaigned to increase the legal penalties of drunk driving. This successful campaign ________ of drunk driving
A) increased the marginal benefit B) decreased the marginal benefit C) increased the marginal cost D) decreased the marginal cost E) had no effect on the marginal cost or marginal benefit but did affect the total benefit
Starting at point B in the diagram below, identify which combinations of points illustrate technological change. Give a brief explanation to support your answer
What will be an ideal response?