Which of the following concepts is not included in the study of macroeconomics?
a. The unemployment level
b. The inflation rate
c. The real income
d. The profit-maximizing condition
e. The role of government
d
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Suppose in the United States, the opportunity cost of producing a motor engine is 4 auto bodies. In Canada, the opportunity cost of producing a motor engine is 2 auto bodies
a. What is the opportunity cost of producing an auto body for the United States? b. What is the opportunity cost of producing an auto body for Canada? c. Which country has a comparative advantage in the production of auto bodies? d. Which country has a comparative advantage in the production of motor engines?
The largest overall recipients of remittances are:
A. China and India, which each get more than $5 billion per year. B. China and India, which each get more than $50 billion per year. C. Chile and Mexico, which each get more than $50 billion per year. D. Chile and Mexico, which each get more than $5 billion per year.