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Macroeconomics Questions and Answers (Q&A)

W. Mocroft, Philanthropist
Answered: Jan 02, 2019
A closed economy (and there are extremely few) means complete self-sufficiency. A closed economy means there is no trade activity with outside economies, no exports, no imports. The remote...Read More

3 Answers

967 views
A.Nancy
Answered: Mar 07, 2018
The primary concern of economic studies is with the choices that are made in seeking to use scarce resources in an efficient manner. The focus of economics is primarily on the behavior and the...Read More

2 Answers

437 views
John Smith
Answered: Jun 01, 2020
Notion that, under competition, buying and selling decisions motivated by self-interest promote the social interest.

1 Answer

384 views
John Smith
Answered: Jun 01, 2020
When the economy is at the natural rate of unemployment

1 Answer

372 views
Emy_
Answered: Jun 01, 2020
Inflation reduces people s real purchasing power because it raises the cost of the things people buy

1 Answer

364 views
Muhammadakram
Answered: Jun 01, 2020
Change in price level from base year to current year

1 Answer

334 views
John Smith
Answered: Jun 01, 2020
The construction of a new computer chip factory by Intel

1 Answer

322 views
Emy_
Answered: Jun 01, 2020
Respond to the adverse supply shock by increasing aggregate demand, which further raises prices

1 Answer

304 views
F. Ray, Student
Answered: Dec 05, 2018
If the price of product A drops and the demand curve of product B shifts right, then it can easily be concluded that products A and B are complementary products. When a curve shifts right,...Read More

2 Answers

302 views
Sultan.h.g
Answered: Jun 01, 2020
Brazil has both a comparative advantage and an absolute advantage in sugar cane production.

1 Answer

292 views
Chris Kenway, Content Writer
Answered: Apr 09, 2019
The correct answer to this question is B, per capita GDP. It is used to compare countries economic output to one another. It compares this by its residents. It divides the economic output by the...Read More

3 Answers

291 views
J. Emmerich, Web Content Writer
Answered: Dec 26, 2018
The most basic proposition of the law of demand is that as the price of a good rises, a lower quantity is demanded, or answer C. This is because the law of demand is part of the supply and demand...Read More

2 Answers

287 views
John Smith
Answered: Jun 01, 2020
A truck used in transporting steel to an automobile factory

1 Answer

287 views

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