Which of the following is a macroeconomic concept?
A) The elasticity of supply of a good B) The per capita income of a country
C) The average revenue earned by a firm D) The income elasticity of demand for a good
Question 2
What can be expected to happen in a country that enacts trade barriers?
A) The rate of population growth will decrease.
B) The rate of economic growth will decrease.
C) The rate of immigration will increase.
D) The rate of technological innovation will increase.