This topic contains a solution. Click here to go to the answer

Author Question: If both the demand for and the supply of computers are increasing, which of the following statements ... (Read 110 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
If both the demand for and the supply of computers are increasing, which of the following statements is TRUE?
 
  A) The consumer should buy a computer now since the price will be higher in the future.
  B) The consumer should wait and buy a computer later since the price will be lower in the future.
  C) The price of a computer will be the same in the future as it is now.
  D) It is impossible to know, given only this information, whether the prices of computers will go up or down in the future.

Question 2

Distinguish between macroeconomics and microeconomics.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

D

Answer to Question 2

Macroeconomics is concerned with the behavior of the economy as a whole, while microeconomics is concerned with the choices of individual decision-makers, such as households and firms. Macroeconomics deals with aggregates, such as the total output of the economy or unemployment, while microeconomics deals with how many hours a person chooses to work or how many people a firm decides to hire.





 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library