Which of the following concepts is not included in the study of macroeconomics?
a. The unemployment level
b. The inflation rate
c. The real income
d. The profit-maximizing condition
e. The role of government
Question 2
Defenders of advertising argue that it:
a. informs buyers and broadens the market for goods.
b. enhances economic efficiency by lowering prices.
c. enables small firms to compete more effectively with large ones.
d. all of these.