Which of the following is a macroeconomic policy?
A. Regulations limiting automobile emissions.
B. Requiring locks on all guns.
C. Tax cuts to bring the federal budget into balance
D. How an early freeze in California will affect the price of fruit.
Answer: C
Economics
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Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2011 is
A) 110. B) 3. C) 145. D) 160. E) 100.
Economics
The production function shows
A) the incremental output gained by improving the production process. B) the maximum output that can be produced from each possible quantity of inputs. C) the technology used to produce output. D) the total cost of producing a given quantity of output.
Economics