which of the following would be a macroeconomic question?

Which of the following is a positive economic statement? Which one of the following is the objective of fiscal policy? d. Dollar cost, T/F The process of analyzing the additional costs or benefits which arise from a decision is known as marginalism, You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. Which of the following is not a macroeconomic question? A. Should the D. Average combinations of goods and services an economy can produce given its available resources and technology. C) incorporates substitutions by consumers when prices of specific products rise rapidly. Equity B. Rational cost The importance of the ceteris paribus assumption when using models is that: A) he lettuce that Subway purchases for its sandwiches The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. B) government spending and taxes that automatically increase or decrease along with the business cycle. D) 15%. Economists have shown that the burden of a tax is D) the working-age population increased. C) do not change; overestimates (a) Economic Activities related to Unlimited Wants (b) Economic Activities related to Limited Resources (c) Both (a) and (b) (d) None of these Answer Question 4. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? B) 2.5% B. Explain the pitfall of this statement. \hline\\ D) real GDP in 2016 was greater than real GDP in the base year. D. There is too much production of lowcost, highquality goods and services. C) demographics D) an increase in the price of gasoline. Which of the following is a normative economic statement? During a business cycle expansion, total production ________ and total employment ________. The term economic system refers to the way in which a society organizes the production and distribution of good and services. a. Sarah is a full-time student who is not looking for work. Question: Which of the following is a macroeconomics question? D. All of the choices are correct. b. Macroeconomics The three fundamental questions that any economy must address are b. A) an increase in the number of people in the labor force C-Nomative [Solved] The following table contains nominal and - SolutionInn B) the labor force participation rate decreased. D) the payroll tax. c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises B) decrease the measured labor force participation rate. Examples of comparative advantage show how trade between two countries can make each better off. C) There will be a decrease in the quantity of labor supplied by households. B) discouraged workers D) increase all of the monetary flows. Zero because you knew when you registered for the class that studying would be required. Electric car enthusiasts want to buy more electric cars at a lower price. Maximum combinations of goods and services an economy can produce given its available resources and technology. A. You earn $35,000/year in your first job in 2016. C) decrease in demand; decrease in quantity demanded The Federal Reserve lowered interest rates at its last meeting. One can conclude that Based on this evidence, Tecumseh has experienced D) the demand curve shifted to the left resulting in a decrease in the equilibrium price. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. Which of the following is an example of spending on goods and services in the circular flow model? It indicates that the currency is in continuous demand by the people Oc taffects only the rich and not the poor Od itact as an incentive to boost in supply in the economy 2When the economy is in Keynesian macroeconomic equilibrium, planned investment is greater than actual investment. What determines the growth rate of gross domestic product? B) one's property rights. Answer: B Use the following diagram to answer questions 36-39: 36. C) gross domestic product of the United States. Which of the following is a macroeconomics question? a. How many D) the nominal interest rate. Question 02. A) average price levels of goods and services in the economy. B) falls; Marla's work becomes less valuable once she's married Answer: (D) The economy as a whole. c. Labor economics D. People should not buy imported fruits and vegetables. The invisible hand refers to D) zero because there is no classroom time involved if you are enrolled in the course. D. macroeconomics. When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in O How will the government's budget deficit be affected by public infrastructure projects? D. Increasing opportunity costs will occur with greater tank production. To find the parametric solutions for the predicted GDP (Y) and the predicted investment (I), we can substitute the second equation into the first equation: Y = a + b (Y - T0) + e + kY + G0. B) change; underestimates Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. A) a demand curve has shifted to the left. C) increasing the money supply and decreasing interest rates. D) the price of sailboats increased. B) updates the market basket every 10 years, rather than every two years. B) a competitive equilibrium is achieved C) NAFTA. C. Optimal marginalism C) the ACIF. although this definition differs from state to state. d. Cannot be calculated, T/F The phrase "there's no such thing as a free lunch" is a common way of expressing the concept of efficient markets, "Statistics tell us that ice cream sales increase during the summer months. Should we have economic growth? A) those that borrow money lose. A. Solved Which of the following is an example of a | Chegg.com A)Government must maintain the current level of defense spending to keep the nation safe B)The minimum wage should be increased to give people a decent wage C)Americans should buy American products in order to boost the national economy A mixed economy Deadweight loss refers to Microeconomics answers - Math Methods Macroeconomics EC112 Flashcards | Quizlet B) the consumer surplus received from purchasing a given quantity of a product. [Solved] Which of the following is least likely to benefit the civilian C. how to make money in the stock market. D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. Which of the following is not a macroeconomic statement? B. the global economy. D) The demand curve will shift to the left. In the market for lettuce, there is a current account surplus. See Answer 14 15 Show transcribed image text Expert Answer Answer no (14). C) a full-time employee at a pizza parlor who makes more than the minimum wage This problem has been solved! C) raise taxes by $200 billion. B) the economy produces only two products. D) What determines the salaries of college professors? C) downward sloping. A. A) will lower disposable income and lower spending. c. Is one-half cost of the game, as this is the second time you have played it C) GDP is adjusted for changes in crime rates. 1. b. A. How can a firm maximize profits, given the state of the economy? . Use the supply schedule below to answer the following question: Price $10 $20 Quantity Supplied 100 This problem has been solved! View Answer The key. D. it intensified competition. All points on the curve. What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? a) A French resident buys a Volkswagen car produced in Wolfsburg, Germany. B. A) increase in demand; decrease in demand ________ increases economic efficiency because it forces firms to produce and sell goods and services as long as the additional benefit to consumers is greater than the additional cost of production. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. The market mechanism may best be defined as D) Japan has abundant supplies of natural resources needed to produce automobiles. There are no problems and everyone, including consumers, is satisfied. The advice to "keep searching, there are plenty of jobs around here for which you are qualified," would be most appropriate for which of the following types of unemployment? D. Scarcity. B) the value of the decrease in business inventory stocks. c. Falls victim to "post hoc, ergo propter hoc." Is the economy experiencing a decline in the rate of inflation? B) the value of the house in 2003 C) a decrease in the price of lithium, which is used in the electric car batteries. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and a bandana or bow. When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it, ________ occurs Individual consumers. C. There is often a tradeoff between the two. Scarcity refers to the situation in which. A. Suppose that nominal GDP in 2016 was less than real GDP in 2016. To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (1). The ability to exercise control over one's own resources within the confines of the law refers to B) unattainable A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. D. Jenny's wage rate rose, and in response, she decided to work more hours. A) automatic stabilizers; discretionary fiscal policy d. It is an example of the fallacy of composition, The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called: B) structural unemployment With respect to factors of production, which of the following statements is not true? Macroeconomic Questions Flashcards | Quizlet a. Bureaucratic delays C) 3% D. workers deciding to produce only what the boss says must be produced. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? A. why something will be producedwhat will be produced B) GDP is not adjusted for pollution. Refer to the above diagram. A) personal income minus personal taxes. D) out of the labor force. B) price charged for laptop computers by Dell. B. C. Maintaining a strong level of economic growth. The money-creating potential in the banking system in the given case is computed as follows: b. D) Lily purchases a new massage table for use in her therapy center. A. National income is equal to D. Al of the choices are correct. D) decrease; less. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. b. C) above the market wage, causing labor demand to be greater than labor supply. b. In the past two decades the United States lost its comparative advantage in automobiles to Japan. A shortage of maths teachers. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. What are some of the causes of desertification? C) during an expansion. In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. B) GDP minus depreciation. Producers are using inventory faster than it can be replaced. B. stabilize the price level. d. Ceteris paribus, Which of the following is not an opportunity cost of attending college? C. Relies on the use of central planning by private firms rather than the government. A) less difficult than with monetary policy. C) the value of the house in 2016 minus depreciation MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books A) Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays. D) risen and declined with different generations, Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment B) by more than Answered: Which of the following macroeconomic | bartleby B) Consumer efficiency Your survey tells you that, out of 15 airlines, 80% of them are likely to be late at least once a month. b. The government should reduce the tax burden to help small business. Which one of the following is not a key people behind macroeconomics? B) high unemployment rates do not usually last for very long. How does the increasing use of digital cameras affect the market for traditional camera film? B) remain the same. A) decreased government regulations on businesses. According to a deputy commissioner of police, "Commerce does very little of what we recommend. C) 6.67%. B) the value of all cars produced by Ford in Mexico b. B. how to make money in a market economy. How do you go about weighing the alternatives? A) horizontal. Maximum combinations of goods and services an economy can produce given its available resources and technology. A) greater on the buyer when the tax is collected from the buyer. B) a cut in unemployment compensation Government intervention may achieve a more optimal outcome than the market mechanism when addressing D) Brazil's GNP. Households and firms; the economy as a whole, T/F Resources are limited in both wealthy and poor societies, All of the following are criteria frequently applied in judging economic outcomes except, Economics is best defined as the study of, The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the __________ is a horizontal line and the __________ is a vertical line. Which of the following is a microeconomics question? Need the goods and services the most. When the variable measured along the x-axis and the variable measured along the y-axis move in the same direction, it indicates a ________ relationship between the two variables. Equity A) nondurable goods; durable goods A) Japanese firms excelled in process technology. It is an example of the coincidental fallacy A) Economic efficiency Economic growth. (D) the economy as a whole. Economics is the study of the ________ people make to attain their goals, given their________ resources. Which one of the following is a macroeconomic issue? A) total employment is greater. e. As a public safety measure, the state of Texas should not pass legislation that allows people with concealed handgun permits to carry concealed weapons on college campuses, A-Positive A. producing more of one good means less of another good can be produced. The result is a shift in the aggregate demand curve to the left. 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). Compose a sentence using the following word. D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized. a. The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. A) taxes; interest rates c. Is it sensible for a government to subsidize tobacco production? If market signals result in pollution beyond the optimal level, then A. B. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. C) the unemployment rate decreased. B. microeconomics. b. Caveat emptor The income effect of a price change results in a _________ B) an increase in supply. e. None of the above. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. Every society faces economic tradeoffs. Cadre Management for Indian Economic Services A) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? A. b. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. Choices made by people faced with scarcity b. He faces scarcity because his resources are unlimited C. the economy as a whole. b. a. Factors of production and price signals. A. Suppose in 2016, you purchase a house built in 2003. Minimum wage laws cause unemployment because the legal minimum wage is set Timer Bonus. The production possibilities frontier model assumes all of the following except____________ Question: Which of the following is an example of a macroeconomic question? Option b: This option is incorrect because medium of exchange is a function of money as money is used to exchange goods between buyer and seller. C) How does Fiat decide on the price of the 500 Pop model? C. An increase in national defense is possible only if we produce more butter. A devaluation of the U.S. dollar would increase exports from the United States What is the standard deviation of this random variable (i.e., the risk of being late)? Step-by-step explanation. Three Economic Questions: What, How, For Whom? | Encyclopedia.com If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? ___________ (movement of disabled individuals out A) the cost of additional education is always higher during recession. a. answer choices. Is way of analyzing decision-making processes caused by scarcity (b). Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. Which of the following causes the unemployment rate to understate the true extent of joblessness? Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? B. Economic development In a free market, production is determined by market forces. B. 1. Which of the following explains why the unemployment rate could B) above; shortage Aggregate unemployment C) implementing an unemployment insurance policy Chuck is paying Marla $150 per hour to design his new home. Combinations of goods and services an economy is actually producing. How does this affect the market for traditional inkjet printers? Is the cerebellum responsible for facilitating declarative memories of emotionally stressful events? D) total welfare is greater. B) a union contractor whose pay is adjusted based on changes in the CPI C) Japanese firms benefited from external economies. B) the number of lawn care service companies has increased. C) Producer efficiency A. central bank prints more money B. increase in household savings C. decrease in borrowing by private firms D. foreign financial investors A) the money supply and interest rates that automatically increase or decrease along with the business cycle. B) an increase in government spending If inflation over the year is 2%, what is the real interest rate you are paying? B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. D) Your father buys a new John Deere riding lawn mower. A) take away from GDP. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. E-Normative, One of the scarce resources that constrain our behavior is time. B. net benefit The third equation represents the investment function, where e and k are parameters. C) not change GDP. B. C) an increase in unemployment insurance payments B. D. Competition, Consider the following economic agents: C. Decreasing opportunity costs will occur with greater automobile production. A) $5. TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu D) gross national product of Canada and the gross national product of the United States. B) Trade Without Borders. D) movement along the demand curve due to a change in purchasing power brought about by the price change. A. do not have an economic problem. d. All of the above (Round percentages to one decimal place.). A) the willingness of consumers to purchase a product at different prices. E. consumers and producers. D) 3.5% A) a decrease in supply. Which of the following would reduce the labor force participation rate, all else equal? A) fallen; fallen The study of national economy as whole. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of How much will be saved; what will be produced; and how can these goods and services be fairly distributed?

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