which of the following would be a macroeconomic question?

c. The overall price level in the economy C) looking for work is your only option. Question 01. B) the bread that Subway purchases for its sandwiches B) Canada's GDP. Why does a firm decide to enter a particular market? E) 9.5%. B) an increase in the number of manufacturers of electric cars. A) the law of supply has been violated. Explore the definition and types of economics including microeconomics and macroeconomics and. D) A drug dealer reports herself as unemployed. Which of the following is a microeconomics question? Solved Which of the following is a macroeconomics question - Chegg c. Industrial organization C. maintain equilibrium in the Balance of Payments. A) a decrease in the money supply and an increase in the interest rate C. A movement from inside the production possibilities curve to a point on the production possibilities curve. D) risen; fallen. C) A state government cuts taxes to help the economy of the state. A) fallen; fallen The following macroeconomic projected return models Macroeconomics focuses on the performance of 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. C) an increase in unemployment insurance payments In a market economy, who decides what goods and services will be produced? By how much and in what direction does GDP change as a result of his efforts? If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is \\\hline C) clothing C) U.S. GDP. occurred. They always call for opposite outcomes. The importance of the ceteris paribus assumption when using models is that: B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale. A) ice cream and hot fudge are complements. O a. b. A. how households and firms make choices. Th View the full answer c. degree of operating leverage. Macroeconomics is the branch of economics that deals with: (A) the prices of individual goods. d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics Which of the following is a macroeconomics question? c. producers Poorly timed discretionary policy can do more harm than good. Factors of production and price signals. C) oil prices. C) GDP is adjusted for changes in crime rates. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. Bureaucratic delays A. B) an expansionary; a contractionary All of the above. C) after regular office hours. This means ______. A. supply and demand. C. Opportunity cost. B) the consumer surplus received from purchasing a given quantity of a product. In the first half of 2011, automobile sales in the United States were lower than they were in the first half of 2010. MCQs on Introduction to Macroeconomics - BYJUS The correct answer is C. Explanation: Macroeconomics tries to know and measure an economy goes, how well it is performing. c. It considers part-timers as employed, and hence it is understated. 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. D. Higher opportunity costs induce higher output per unit of input. B) add to GDP. How were consumption and investment affected . Econ Chapters 1 - 3 Flashcards | Quizlet The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. B) productive efficiency According to the text, economists consider full employment to occur when C) the value of the addition to the capital stock. C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. All of these O b. This situation will most likely coincide with high unemployment. The study of regional economy as whole. 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. Which of the following is an example of spending on goods and services in the circular flow model? A) the value of the house in 2016 The opportunity cost of taking an on-line history class is D. macroeconomics. C. Eliminates market failures by government. Answer: B Use the following diagram to answer questions 36-39: 36. a. Productive efficiency C) real GDP in 2016 was less than real GDP in the base year. A) the free market. 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,. Investment, as defined by economists, would not include which of the following? A ________ can change over time or across observations. B. Increasing the federal tax on gasoline would cause shipping costs in the United States to increase c. Labor economics Microeconomics questions and answers Refer to the following graphs to answer the question below. C) interest rates; money supply The tax cut would lower the price level in 2014. They've told our detectives they have no interest in ever putting in the barriers.". C) Every individual, no matter how rich or poor, is faced with making trade-offs. B. Utilizes both market and non market signals to allocate goods and services. c. Post hoc, ergo propter hoc Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations What are some of the causes of desertification? A. gross earnings D. A shift inward of the production possibilities curve. B) Japan has abundant supplies of labor. A. Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. Which of the following is a normative economic statement? C) The purchasing power of your salary remained constant between 2007 and 2016. A. A: Economics is the study of production, distribution, and consumption when the resources are scarce in. c. It eliminates the need for abstraction or simplification Real domestic output is at its maximum level. A) the price of sailboats increased and the demand for sailboats decreased." Which of the following is a positive economic statement? A. B) GDP minus depreciation. B. 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. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. However, with increased productivity, the economy has more available resources which can be used for non-necessary goods, such as leisure and education. B. It converts normative analysis into positive A devaluation of the U.S. dollar would increase exports from the United States Is the cerebellum responsible for facilitating declarative memories of emotionally stressful events? B) $60. b. A. achieve full employment. D) more than complete, A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut. Preparation and presentation of Union Budget 2. Nonetheless, you continue along your career path looking for a new job because _____________ B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. B) a job retraining program You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. Maximum combinations of goods and services an economy can produce given its available resources and technology. A) there is a sustained increase in the price level. B) protect the environment. Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. Use the following (partial) chart of accountsaccount numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). D) Japan has abundant supplies of natural resources needed to produce automobiles. Question: Which of the following is a macroeconomics question? B. microeconomics. D) The demand curve for traditional camera film shifts to the left. These are: A. income, spending and saving. d. Public economics. B. A. it allows countries to exploit their comparative advantage, more fully. A) The federal government buys a Humvee. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. You . is considered___________ to herself or others, and Thus we can say that it is that part of economic theory which studies the economy in its totality or as a whole. Answer-Consider the following Statements. (i) As part of AtmaNirbhar What determines the growth rate of gross domestic product? B) discretionary fiscal policy; automatic stabilizers The key factors of microeconomics are as follows: Demand, supply, and equilibrium Production theory Costs of production Labour economics Examples: Individual demand, and price of a product. Exercise 01 - bi tp eco - Question 1 (3 points): Given the following Difference Between Microeconomics & Macroeconomics - BYJUS In a market economy, the people who receive the goods and services that are produced are those who Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. A) U.S. GNP. A. How can a firm maximize profits, given the state of the economy? B) the underground economy. B) taxes; the money supply A. D) decrease the number of persons in the working-age population. C) a decrease in the unemployment rate b. D) building an online job database that helps workers find jobs. C) equity _____a. Microeconomics focuses on supply and demand . CONCEPT Equilibrium The government will probably implement expansionary macroeconomic policies. b. Check your understanding of civil commitment by filling He faces scarcity because his resources are unlimited D. Scarcity. B) -3.5% A) the firm has an incentive to increase supply now and decrease supply in the future. D) the demand curve shifted to the left resulting in a decrease in the equilibrium price. A) the value of output in 2015 was around $17.3 trillion. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. B. Question 1 Multiple Choice Which of the following does macroeconomics C. Government failure does not exist. Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring C) the business cycle. a. The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. a. A. Compose a sentence using the following word. If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would ________ B) an increase in the unemployment rate The economy may be in equilibrium. B) an increase in supply. Why is the economy of India growing? a. C) decrease. B. firm could more readily exploit. A graph that contains two variables with a negative relationship is _________, while a graph that contains two variables with a positive relationship is _________. D) 5%. B. Undiscovered natural resources. Profit opportunities are eliminated almost instantaneously D) the firm will not change supply until it knows for certain what will happen to its price. Which of the following accurately compares discretionary fiscal C) below; surplus A tax is imposed on employers and workers that are used to fund Social Security and Medicare. D) will raise disposable income and raise spending. International economics. Microeconomics is the study of The best alt. E. pure profit. A) inflation. The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2013 and 2014. D) on foreign soil. there is a current account deficit. d. Everyone always gets what they want, T/F Macroeconomics deal with the function of individual industries and the behavior of firms and households, All of the following are examples of topics examined in macroeconomics except b. Prelims Marathon - Economic Survey - March 1st - 2023. A. unlimited wants exceed limited resources. How do you go about allocating your time in a given day among competing alternatives? d. The cost of the food that you consume while attending college, T/F The price is increasing as quantity increases, the slope of the line representing different prices and their corresponding quantities will be positive, The study of economics The police were surprised the bank did not take their advice. All points outside the curve. A) income If North Korea is currently producing at effciency, and it proceeds to increase the size of its military, then, as long as nothing else changes, its B) falls; Marla's work becomes less valuable once she's married D. A movement from the production possibilities curve to a point inside the production possibilities curve. D. People begin to retire at earlier ages. Which of the following is a macroeconomics question? A. Which of the following best describes an assumption economists make about human behavior? 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 b. The production possibilities curve between tanks and automobiles will shift outward. A) There will be an increase in unemployment. Government directives are likely to do a better job of allocating resources than markets. The market mechanism. 1 #7. B) The Federal Reserve cuts interest rates to stimulate the economy. b. C) the economic surplus received from purchasing a given quantity of a product. B) decrease the measured labor force participation rate. a. B. C. Maximum combinations of goods and services an economy can produce given unlimited resources. C. when something will be produced; why something will be produced D) increase in quantity demanded; increase in demand. C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. Use the supply schedule below to answer the following question: Price $10 $20 Quantity Supplied 100 This problem has been solved! A) When will the government better secure the borders? Is the economy experiencing a decline in the rate of inflation? Micro Economic 100% (3) 6. D) GNP plus depreciation. A) welfare benefits Maximum combinations of goods and services an economy can produce given its available resources and technology. C. How is the production quantity of snowboards determined? Total the statement columns, compute net income (loss), and complete work sheet. (b) 81,54,36,81,54,36, \ldots81,54,36,. Producers are using inventory faster than it can be replaced. Let us now understand how it is different from Microeconomics. A) increase. Which of the following transactions represents the purchase of a final good? The Bureau of Economic Analysis calculates a number of different measures of inflation: the GDP Deflator, the Consumer Price Index, the Wholesale Price Index, etc. B) relative abundance of labor and capital. Macroeconomic Policy and Poverty Reduction - International Monetary Fund The following macroeconomic projected return models =. The income you could have earned The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. Equity B) the value of the decrease in business inventory stocks. D. People should not buy imported fruits and vegetables. E. consumers and producers. Explanation: Macroeconomics deals with the economy as a whole. a. C. The overall economy. B) consumption; investment Which of the following is the best example of land? C) the ACIF. A) -9.5% A) Economic efficiency D) an increase in consumers' taste for coffee. B) The supply curve will shift to the right. C. Congress increased the minimum wage rate in January. Production possibilities curve will shift outward. An economy is at equilibrium output when A. Y = C + I + G+ NX B. Y = AD + C + G + NX B) increase; less D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? A) higher; higher B) 3%. Which of the following is not a basic decision that all nations must confront? B) increase in demand; increase in quantity demanded C. choices; scarce The size of the underground economy would tend to decrease if the government of a country __________________ C. the tendency of many economic variables to move together in a predictable way over the business cycle. D) refrigerator. How many airlines will be late in one month? A. C) The quantity of inkjet printers demanded increases. B. Which of the following statements is not true? Prelims Marathon - Economic Survey - March 1st - 2023 C) gross domestic product of the United States. \text{Total indirect costs}&\text{\underline{\underline{\$\hspace{5pt}380,000}}}\hspace{10pt}\\ A) some cyclical unemployment always exists. Grossprofit.Sellingexpenses..Administrativeexpenses.TotaloperatingexpensesIncomefromoperations.Otherincome..Incomebeforeincometax..Incometaxexpense..Netincome.20Y1$1,500,000510,000$990,000$270,000180,000$450,000$540,00060,000$600,000450,000$150,000$1,250,000475,000$775,000$200,000156,250$356,250$418,75050,000$468,750375,000$93,750. What factors determine the price of carrots? "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). C) greater on the buyer when the tax is collected from the seller and greater on the seller when the tax is collected from the buyer. B) fallen; risen A) he lettuce that Subway purchases for its sandwiches A) automatic stabilizers; discretionary fiscal policy Consumption of cigarettes. C) Brazil's GDP. Which of the following is a macroeconomics question? Macroeconomics Multiple Choice Questions 1. (a) Unlimited Wants Full employment is not considered to be zero unemployment, because Which of the following is a positive economic statement? c. Focuses on how a business should function (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. B) above; shortage Quiz 1: Introduction to Macroeconomics Quiz - Quizizz ___________ (movement of disabled individuals out In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending C) wages paid to employees by Dell. C) Producer efficiency The real rate of interest is ______________ D. topics such as unemployment, inflation, and economic growth. C) there are not enough jobs for everyone who wants one. C) decrease the number of persons in the labor force. A city's decision to limit smoking in public areas is an example of a. A) Micah purchases a new wrench for his auto repair business. B) high unemployment rates do not usually last for very long. B) increased income tax rates. C. Maximum combinations of goods and services an economy can produce given unlimited resources. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. D) the price of sailboats increased. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? d. National output, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean. You are investigating the punctuality of the airlines in Asia. The economy has gone into a recession. Commits the fallacy of composition D. All of the choices are correct. Which of the following is not a durable good? B) ice cream and hot fudge and substitutes. D) The federal government cuts taxes to stimulate the economy. In a market economy, those who are willing and able to buy what is produced. B) total income in 2015 was around $17.3 trillion. B) a natural disaster like a hurricane or bad earthquake. 60 seconds. For schedule, refer to the archive link given below. Number of employees in the steel industry D) ice cream is a normal good and hot fudge is an inferior good. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. D. the government, consumers, and producers The system that a society chooses reflects the philosophical and political ideas on which that society is founded. A) U.S. GDP. Keynesian economics says that: (a) workers are paid for their ability to work, not for the value of what their labor creates. PDF Questions and Answers - Damanhour For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. (B) important rather than trivial issues. C) discretionary monetary policy. It is an example of the coincidental fallacy d. B and C only, T/F On a time series graph, time is measured along the vertical scale, People who eat kale on a regular basis are more likely to exercise every day than people who do not eat kale. C. The process by which the production possibilities curve shifts inward. B. A. C. Want the goods and services the most. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. C) The federal government pays out an unemployment insurance claim. A. producers An increase in ____________ The number of work visas should not be limited by the government. a. D) the decline in the value of the stock market, net of dividends. b. select the best possible solution. C) ensure safe imports. Is very narrow endeavor A) personal income minus personal taxes. C. economies of scal. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as An outward shift of a nation's production possibilities frontier can occur due to The size of the underground economy would tend to increase if the government of a country ________________ D) All of the above will occur. How do you go about weighing the alternatives? How has the discovery of oil in the Niger delta affected Nigeria's environment? A) an induced; an autonomous Which of the following is an example of spending on factors of production in the circular flow model? As a result, GDP ________ because ________. b. Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes? 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. 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. Step-by-step explanation. D. constant opportunity costs as more and more of one good is produced. C) a decrease in the price of lithium, which is used in the electric car batteries. How does a market system prevent people from getting as many goods and services as they wish? ' Insert your responses to the following: Explain A. central bank prints more money B. increase in household savings C. decrease in borrowing by private firms D. foreign financial investors Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? A) an increase in the minimum wage Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. Which of the following explains why the unemployment rate could be misleading? B) Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product. \hline\\ 1. 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: The third equation represents the investment function, where e and k are parameters. is a corporation unresponsive to the demands of its customers? Then compare your responses with the key at the end of the book. Que11. Which of the following is a macroeconomic question? The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries.