Which question is more likely to be studied by a macroeconomist than a microeconomist?
A) Why do prices in general rise by more in some countries than others?
B) Why do wages differ across industries?
C) Does education increase a worker's income on average?
D) Is there usually a gain from trade between two countries?
Correct Answer:
Verified
Q6: What does the simple circular-flow diagram illustrate?
A)
Q7: Which of the following is the best
Q8: What is the goal of macroeconomics?
A) to
Q9: Why does expenditure equal income?
A) because firms
Q10: Which market is the model of supply
Q12: Why is GDP computed using market prices
Q13: Which headline would be most closely related
Q14: Which statistic is the best single measure
Q15: In an economy consisting of only households
Q16: Which of the following is a macroeconomic
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