which of the following would be a macroeconomic question?

19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). c. What were some of the reasons that the Egyptian government built the Aswan High Dam? Prelims Marathon - Economic Survey - March 1st - 2023 D) an increase in the price of gasoline. Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. B. The market mechanism C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. D) real GDP in 2016 was greater than real GDP in the base year. Which of the following is a macroeconomics question? Please don't take his comments (a) personal, (b) personally. Getting the timing right with fiscal policy is generally _______________ In 2015, the U.S. auto industry experienced rising sales. C) the ACIF. D. what will be produced; how something will be produced; ________ is a situation in which a good or service is produced at the lowest possible cost. D. the choices people make to attain their goals, given their scarce resources. Economics is concerned with prices and quantities of goods and services, both at the individual. Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. C. how to make money in the stock market. Macroeconomic Policy and Poverty Reduction - International Monetary Fund D. Price regulation by government. Which of the following explains why many European countries have unemployment rates that are higher than in the United States? Investment, as defined by economists, would not include which of the following? D) the nominal interest rate. Question 02. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? D) movement along the demand curve due to a change in purchasing power brought about by the price change. Every society faces economic tradeoffs. B) fallen; risen b. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. B. Laws and regulations. Answer: (D) The economy as a whole. D) the demand curve shifted to the left resulting in a decrease in the equilibrium price. A) employed The ability to exercise control over one's own resources within the confines of the law refers to A) a law making it illegal to work more than 35 hours per week 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 Solved which of the following is NOT a macroeconomic | Chegg.com This means that _______ C) will lower disposable income and raise spending. Government intervention may achieve a more optimal outcome than the market mechanism when addressing A) real GDP Inefficient bureaucracy. C) 1.5% Step-by-step explanation. A shortage of maths teachers. D) gross national product of Canada and the gross national product of the United States. Solve the Following Short-Essay Questions: Define demand. As more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls c. degree of operating leverage. C) Their value is counted separately, but is not included as part of the value of the final good for which they are an input. What goods and services to producehow will these goods and services be produced; and who receives them? Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ B) some people do not want a job. The use of fixed costs to extract higher percentage changes in profits as sales activity changes involves. A) Anytime you have to decide which action to take you are facing an economic trade-off. Technological advancements have led to lower prices and an increase in the sale of color laser printers. A. They are both automatically achieved in a free market economy. [Identify the impact of your changes to the income and corporate tax rates. C. The allocation of resources by market forces. Which of the following is not a function of money? Group of Solved Which of the following is a macroeconomic question? | Chegg.com Annes Newton- macro economics quiz 2 - Annes Newton - G00378073- ECON b. real costs. D) rises; Marla becomes more productive once she's married. 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 Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. Maximum combinations of goods and services an economy can produce given its available resources and technology. A. D) Brazil's GNP. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including baths, nail trimming, teeth brushing, and aromatherapy to reduce everyday stress, and nail polish and stickers. If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as_______ Annes Newton - G00378073- ECON QUIZ 2. A. unlimited wants exceed limited resources. Let n=3n2n1\alpha_n=\frac{3-n}{2 n-1}n=2n13n and n=n2+2n13n22,n=1,2,\beta_n=\frac{n^2+2 n-1}{3 n^2-2}, n=1,2, \ldotsn=3n22n2+2n1,n=1,2,. Is not a very efficient means of communicating consumer demand to the producers of goods and services. Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. D) the payroll tax. there is a capital account surplus. Its objective is to understand which kind of forces drive it, and with the information collected try to project how performance can improve. D) lower; lower, Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. D) only change GDP if the development occurs within the borders of the United States. D. The best alternative use of your time. C) equal to the highest value of an alternative use of the time and money spent on the class. D) taxes; expenditures, Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that occur passively over the business cycle are called ________ C) do not change; overestimates A) automatic stabilizers. Government agencies. C) $140. A) an induced; an autonomous What determines the growth rate of gross domestic product? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B) falls; Marla's work becomes less valuable once she's married Ask an Expert. B) Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product. Government failure. The economy's capital stock declines. B) discretionary fiscal policy; automatic stabilizers D. a country's population is larger than its resource base. In the past two decades the United States lost its comparative advantage in automobiles to Japan. A) GDP rises by $1,875. C) equity Use the supply schedule below to answer the following question: Price $10 $20 Quantity Supplied 100 This problem has been solved! A) $5. What is the standard deviation of this random variable (i.e., the risk of being late)? A) greater on the buyer when the tax is collected from the buyer. Which of the following transactions represents the purchase of a final good? B) continually risen. According to a deputy commissioner of police, "Commerce does very little of what we recommend. B) a competitive equilibrium is achieved Keynesian economics says that: (a) workers are paid for their ability to work, not for the value of what their labor creates. D) The government imposes taxes on those who earn beyond a certain amount of income. C) continually declined. Marla is an architect who is designing a home for Chuck. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B. A) higher; higher A) Positive analysis uses an economic model to estimate the costs and benefits of different course of actions. B) automobile B) The demand curve for inkjet printers shifts to the left. C. Relies on the use of central planning by private firms rather than the government. D. The person who has the responsibility to coordinate all the markets in a market economy. Economists have shown that the burden of a tax is D) 3.5% B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. Opportunity cost B) consumption; investment A) the unemployment rate increased. Deadweight loss refers to C. marginal revenue B. D) the decline in the value of the stock market, net of dividends. B) when real GDP is above but close to potential GDP. In the market for lettuce, Will a cut in the interest rate increase Canadian output? A) decrease the required reserve ratio. D) on foreign soil. D) sometimes by more than and other times by less than, A change in consumption spending caused by income changes is ________ change in spending, and a change in government spending that occurs to improve roads and bridges is ________ change in spending For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. 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. is a corporation unresponsive to the demands of its customers? D. There is too much production of lowcost, highquality goods and services. B) Delta buys a new European-made jetliner. C. There is often a tradeoff between the two. BOOK Market Leader intermediate 3rd edition. The study of national economy as whole. C. decreasing opportunity costs as more and more of one good is produced. A) the value of leisure is included in GDP. C) an increase in unemployment insurance payments The money-creating potential in the banking system in the given case is computed as follows: A) When will the government better secure the borders? B) real GDP per person A graph that contains two variables with a negative relationship is _________, while a graph that contains two variables with a positive relationship is _________. Which assumptions do you need to make in order to be correct in considering a binomial distribution for your variable? Quiz 1: Introduction to Macroeconomics Quiz - Quizizz D) the wages of college graduates do not fall during recession. C) NAFTA. Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring A. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. a. D-Positive A) some cyclical unemployment always exists. Commits the fallacy of composition The size of the underground economy would tend to decrease if the government of a country __________________ Mike has been unemployed for over a year. D) lower taxes by $200 billion. C. Eliminates market failures by government. Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations that negatively affect an individuals health and safety, If the United States decides to convert automobile factories to tank production, as it did during World War II, but finds that some auto manufacturing facilities are not well suited to tank production, then B) adds 1,000 new cars to inventories. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. A) marginal A) automatic stabilizers; discretionary fiscal policy Which of the following is a microeconomics question? Which of the following best describes an assumption economists make about human behavior? C) complete This means ______. C. Greater production of one good requires increasingly larger sacrifices of other goods. A. E. consumers and firms choosing which goods and services to buy or produce. A. . B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. Which of the following is the best example of land? The production possibilities curve between tanks and automobiles will appear as a straight line. D) increased business taxes. c. The price of gasoline Ch. 1 Microeconomics Homework Flashcards | Quizlet B) the value of the time spent on line. a. B) GDP is not affected by Scott's production of the jewelry box. D) a slowdown in the economy. What goods and services to produce; how will these goods and services be produced; and who receives them? D. macroeconomics. Microeconomics answers - Math Methods What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? The opportunity cost of taking an on-line history class is An increase in ____________ D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called Dear Friends, We are posting prelims marathon MCQs for today. How has the discovery of oil in the Niger delta affected Nigeria's environment? What Are the Four Basic Economic Questions? - Reference.com [Solved] Which of the following is least likely to benefit the civilian C) Consumer surplus measures the net benefit from participating in a market. 60 seconds. C) raise taxes by $200 billion. C) lower; higher d. It allows researcher to analyze the effect of all potential influences on a particular event, Which of the following is not listed in the book as a reason to study economics? B. how something will be produced; when something will be produced A. Microeconomics focuses on supply and demand . C) investment; consumption This problem has been solved! E) too low. 60 seconds. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. He hasn't looked for a job in the last three months, but he's just started looking for work again. A. A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. B) the search process of matching workers with jobs. The best alt. C) increased income tax rates. D. give more money to the government to solve its problems. C. economies of scal. answer choices. D. Allocative efficiency. B) total income in 2015 was around $17.3 trillion. How much will be saved; what will be produced; and how can these goods and services be fairly distributed? Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. The ________ effect of a price change refers to the impact of a change in the price of a good on a consumer's purchasing power B) increased income tax rates. Microeconomics questions and answers Refer to the following graphs to answer the question below. A technological advance would best be represented by D) technology. If a minimum wage of $15 per hour is imposed, which of the following will occur? the same weight of goods has been imported as were exported. A) cyclical On which base structure of economic problems has been installed? Profitability b. The marginal propensity to consume (MPC . d. Congress extends the maximum duration for the collection of unemployment benefits from 26-52 weeks, T/F The collection and use of data to test economic theory is called empirical economics, To analyze the relationship between two variables while holding the values of other variables unchanged is a device known as C) downward sloping. D) GDP is adjusted for increases in drug addiction. 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: Markets are likely to do a better job of allocating resources than government directives. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . Economics is the study of the ________ people make to attain their goals, given their________ resources. A. A) U.S. GDP. To Liza, B) discouraged workers c. Is one-half cost of the game, as this is the second time you have played it Nonetheless, you continue along your career path looking for a new job because _____________ Which of the following explains why the unemployment rate could be misleading? B. C) What factors determine the price of Oreo cookies? Math is a way of solving problems by using numbers and equations. Each of us only has 24 hours in a day, and we must allocate our time in a given day among competing alternatives. b. The level of inflation in the economy. This means. D) more than complete, A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut. In a free market, production is determined by market forces. ; D. what will be produced; how something will be produced. The conclusion of this statement: B) the labor force participation rate decreased.

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