Markets in which firms sell their output of goods and services are called:
a. Product markets
b. Command markets
c. Mixed markets
d. Resource markets
a. Product markets
Economics
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Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data is unavailable?
A) Measurements of producer surplus B) Measurements of consumer surplus C) Measurements of balance of payments D) Measurements of urbanization
Economics
On Friday May 3, 2013, the headlines in the list appeared in The Wall Street Journal. Classify each headline as a signal that the news article is about a microeconomic topic or a macroeconomic topic. Explain your answers
What will be an ideal response?
Economics