Questions from Macroeconomics


Q: Inexpensive broadband access has created a generation of television producers for whom

Inexpensive broadband access has created a generation of television producers for whom the Internet is their native medium. As they redirect the focus from TV to computers, cellphones, and iPods, the...

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Q: Why is opportunity cost a ratio?

Why is opportunity cost a ratio?

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Q: Why does the PPF bow outward and what does that imply about

Why does the PPF bow outward and what does that imply about the relationship between opportunity cost and the quantity produced?

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Q: What is marginal cost? How is it measured?

What is marginal cost? How is it measured?

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Q: What is marginal benefit? How is it measured?

What is marginal benefit? How is it measured?

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Q: What is allocative efficiency and how does it relate to the production

What is allocative efficiency and how does it relate to the production possibilities frontier?

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Q: What conditions must be satisfied if resources are used efficiently?

What conditions must be satisfied if resources are used efficiently?

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Q: What is the opportunity cost of economic growth?

What is the opportunity cost of economic growth?

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Q: Why are social institutions such as firms, markets, property rights

Why are social institutions such as firms, markets, property rights, and money necessary?

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Q: What are the flows in the market economy that go from firms

What are the flows in the market economy that go from firms to households and the flows from households to firms?

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