In macroeconomics, equilibrium is defined as that point at which ?

Related Mcqs:

A benefit to consumers of price discrimination is that ?

A. Some products are produced that would not otherwise be produced B. Producer surplus increases C. Consumer surplus decreases D. Firm’s profits increase...

If firms earn normal profits ?

A. They will aim to leave the industry B. Other firms will join the industry C. The revenue equal total costs D. No profit is made is accounting terms...

Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?

A. 5 B. 8 C. 2 D. 1.25...

Which of the following is FALSE? Scientific observation ?

A. must proceed systematically B. must occur under controlled conditions C. yields valid date with classification organization or recording D. is open to anyone who wants to pursue it...

Social control through the enforcement of norms works because ?

A. everyone fears pain and embarrassment B. individuals are anxious to be accepted C. people need to be manipulated D. independent though and action are too hard...