A. Dr. Marshall

B. Prof. Pigou

C. Lord Keynes

D. Mrs. Joan Robinson)

A. whole economy

B. national income

C. aggregate supply

D. product pricing)

A. Growth theory

B. Factory Pricing

C. Market Structure

D. Individual Incomes

A. Competitive

B. Alternative

C. Substitutes

D. Complementary

A. Assumptions and theories

B. Positive statements and negative statements

C. Positive statements and normative statements

D. Specific statements and general statements

A. The total spent on food, clothing, books, transportation, tuition, lodging and other expenses

B. Zero for students who are fortunate enough to have all of their university expenses paid by someone else

C. Zero, since a university education will allow a student to earn a higher income after graduation

D. The value of the best opportunity a student gives up to attend university

A. Households decide which firms to work for and what to buy with their incomes

B. Profit and self-interest guide the decisions of firms and households

C. Firms decide whom to hire and what to produc

A. Macro, since they tell us something about the entire economy

B. Neither macro nor micro, but properly in the realm of political science

C. Both micro and macro

D. Micro, since they affect individual households and firms

A. Modern and traditional industries

B. Public and private sectors

C. Foreign and domestic investments

D. Commercial and subsistence farming

A. The use of market

B. Government ownership of capital

C. Private ownership of capital goods

D. Private ownership of homes & cars