Microeconomics deals with the analysis of all the following questions except how:
a. the wages of carpenters are determined.
b. high did unemployment rise during the Great Depression.
c. does Ford decide how to price its cars.
d. does a college student decide how to spend her income.
e. do monopolies and competitive markets differ.
b
You might also like to view...
A person believes that real equality can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evely throughout society. This person is a:
a) socialist b) communist c) capitalist d) authorian
All of the following are potential benefits of defined contribution plans EXCEPT:
A) clear ownership rights to the balances of their 401Ks B) lower risk for employees C) if the employee's investments are profitable, the employee can have high income during retirement D) contributions to traditional 401Ks are tax deductible