While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on
a. government contracts to promote research and publications.
b. demand-and-supply analysis.
c. the economic theory of John Maynard Keynes.
d. consumer protection laws and antitrust legislation.
b
Economics
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Game theory can be used for studying which of the following types of market structure?
A) monopoly B) monopolistic competition C) oligopoly D) perfect competition
Economics
The marginal product is the incremental change in total output that can be obtained from the use of one more unit of an input in the production process, while varying all other inputs
a. True b. False Indicate whether the statement is true or false
Economics