Macroeconomics (거시경제학) - McConnell 11th Edition 해답

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Chapter 1

1-3 (Key Question) Cite three examples of recent decisions that you made in which you, at least implicitly, weighed marginal costs and marginal benefits.

Student answers will vary, but may include the decision to come to class, to skip breakfast to get a few extra minutes of sleep, to attend college or university, or to make a purchase. Marginal benefits of attending class may include the acquisition of knowledge, participation in discussion, and better preparation for an upcoming examination. Marginal costs may include lost opportunities for sleep, meals, or studying for other classes. In evaluating the discussion of marginal benefits and marginal costs, be careful to watch for sunk costs offered as a rationale for marginal decisions.

1-5 (Key Question) Indicate whether each of the following statements applies to microeconomics or macroeconomics:
a. The unemployment rate in Canada was 7.0 percent in January 2005.
b. A Canadian software firm discharged 15 workers last month and transferred the work to India.

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