If an individual perfectly competitive firm charges a price above the industry equilibrium price, it will A) sell all that it can produce and gain equal revenue with competitors. B) sell all that it can produce and gain more revenue than competitors. C) sell part of what it can produce and gain less revenue than competitors will. D) not sell any of what it produces.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.

Economic analysis indicates that it will be politically more attractive to a. enact expansionary fiscal policy during a recession than to enact restrictive fiscal policy during an economic expansion. b. enact expansionary fiscal policy during an economic expansion than to enact restrictive fiscal policy during a recession. c. enact restrictive fiscal policy during an economic expansion than to enact expansionary fiscal policy during a recession. d. raise taxes than to increase spending.