Which of the following would likely be studied by a macroeconomist rather than a microeconomist?
a. the effect of an increase in the alcohol tax on the market for beer
b. the effect of foreign competition on the domestic auto industry
c. the effect of a price war in the airline industry
d. the effect of an increase in the minimum wage on an economy's overall rate of unemployment
d
Economics
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An oligopoly is a market dominated by a few sellers
a. True b. False Indicate whether the statement is true or false
Economics
A reduction in the demand for labor caused by changes in technology, taxes, and competition is called:
a. seasonal unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.
Economics