Which of the following questions is a topic that would be studied by microeconomics?
A) Why did production and the number of jobs shrink in 2009?
B) Will the current budget deficit affect the well-being of the next generation?
C) How will a lower price of digital cameras affect the quantity of cameras sold?
D) What is the current unemployment rate in the United States?
C
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The study of factors that contribute to the economic growth of a country is known as
A) savings economics. B) entrepreneurial economics. C) natural resource economics. D) development economics.
Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a minimum retail price b. allowing many retailers to sell the product in each market c. preventing retailers from compensating sales staff for demonstrating the product d. eliminate manufacturer staff that was demonstrating the product in stores