The ultimate objective of macroeconomics is to:
a. reduce the unemployment rate in an economy
b. stabilize the growth rate in an economy.
c. develop and test theories about how the overall economy works.
d. improve the international competitiveness of U.S. financial markets.
e. maximize the efficiency of government intervention in the marketplace.
c
Economics
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A perfectly competitive system results in an efficient allocation of resources among firms and an equal distribution of final products among households.
Answer the following statement true (T) or false (F)
Economics
When an established domestic industry is in jeopardy of being displaced by lower-priced imports, then there could be a rationale for encouraging imports
Indicate whether the statement is true or false
Economics