Which of the following would not be studied in microeconomics?
A. How an early freeze in California will affect the price of fruit.
B. Whether the federal budget should be balanced.
C. Whether to study or watch TV tonight.
D. How individual firms decide how much to produce.
Answer: B
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A copyright
a. is required to sell printed material b. grants exclusive rights over the protected material for at least seventy years c. is granted only to best original works of art, literature, and music d. grants the right to copy certain material such as printed material e. grants communal rights over the protected material for at least seventy years
Typically, labor unions favor trade restrictions because a. the quality of imported goods that workers buy are poor. b. the lower prices of the imported goods results in a decrease in the demand for domestic goods and the labor that produces them
c. foreign workers would have to be paid the same wage as domestic workers. d. it means more revenue for the government. e. the restrictions lower the prices of the imported goods that workers buy.