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Which of the following is a normative microeconomic statement? Market equilibrium occurs when quantity demanded equals quantity supplied

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Which of the following is a normative microeconomic statement? Market equilibrium occurs when quantity demanded equals quantity supplied. Correct Answer Dallas should lower the taxes paid by homeowners whose property value is less than $100,000. You Answered The Federal Reserve should raise interest rates when the country experiences inflation. U.S. gross domestic product has historically increased after adjusting for inflation
Question 4 0/5 pts Which of the following is most likely to be associated with the study of microeconomics? The federal national debt exceeds $22 trillion. Correct Answer General Motors' profits increased in 2012 by more than expected You Answered The total market value of all final goods and services produced in the U.S. in 1994 was $6.738 billion The U.S. unemployment rate in April was over 14 percent
Question 5 0/5 pts Which of the following is an example of capital as a factor of production? Personal computers used by teenagers to do homework and keep in touch with friends A person that provides funding for a new business venture You Answered Shares of stock in a corporation Correct Answer Camera equipment used by a photographer employed by a magazine