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Which branch or area of economics looks at the economy as a whole?

The labor __________ curve(s) will shift ____________ if there is an increase in productivity or an increase in the demand for the final product.

 The downward slope of the demand curve again illustrates the pattern that as _____________ rises, ______________ decreases.

As depicted in  ____, it is necessary to give up some of one good to gain more of the other good.

In May and June, Tammy spent all her clothing budget on bathing suits and beach bags. Each bathing suit cost $75. At Tammy’s optimal choice, her marginal utility from the last bathing suit purchased is 300 and her marginal utility from the last beach bag purchased is 200. This means that each handbag must cost

The measure of the size of total production in an economy is called:

Economies of scale mean that for many goods, as the level of production increases, the average cost of producing each individual unit _____________.

Economics is the study of how humans make decision in the face of _______________.

 If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as ________________.

Consider the market for tablets represented by the graph below. What is the market equilibrium price and quantity? If the market price were set at $300, describe what the consequences would be in the market.