Chapter 1: Problem 22
Can you think of any examples of free goods, that is, goods or services that are not scarce?
Chapter 1: Problem 22
Can you think of any examples of free goods, that is, goods or services that are not scarce?
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Get started for freeMacroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.
A computer systems engineer could paint his house, but it makes more sense for him to hire a painter to do it. Explain why.
Why might Belgium, France, Italy, and Sweden have a higher export to GDP ratio than the United States?
What is the difference between microeconomics and macroeconomics?
What is scarcity? Can you think of two causes of scarcity?
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