What are good ways to measure an economic’s productivity?
What is not one of the “principles of economics” formulated by Gregory Mankiw?
"When the price of cars rises, buyers have an incentive to buy fewer cars."
“The people are not working because there is no demand for their particular skill set. “
What does the “law of supply and demand” state?
How is a partnership called, when cooperating firms create an independent firm in which they both invest?
What is the first step in a “country analysis”?
"It is somewhat difficult to enter the market. Due to the differentiation factor"
What is not a category that has been created to characterize an economy’s state of unemployment?
What is true about most economies today?
Which statement (according to Mankiw) is true about governmental actions?
What does the classic trade-off example between “guns and butter” say?
What is “Hyperinflation”?
What is the second stage in the “business cycle” model?
"Individual firms have very little control over the price"
What are Microeconomics and Macroeconomics about?
What is the “opportunity cost”?
Which metaphor by Adam Smith describes social well-being resulting from individual actions?