which of the following would be a macroeconomic question?

B. A. d. Why do some countries grow faster than others? The market mechanism at work. Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ A. b. unit contribution margin. B) one's property rights. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. A) U.S. GNP. b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. Economics promotes which of the following as the way to make the best decision? D) The demand curve for traditional camera film shifts to the left. A) inflation. The level of inflation in the economy. D) an increase in oil prices. Start. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. The correct answer is C. Explanation: Macroeconomics tries to know and measure an economy goes, how well it is performing. C) downward sloping. The conclusion of this statement: It converts normative analysis into positive A technological advance would best be represented by Equity C. Relies on the use of central planning by private firms rather than the government. More teenagers enter the labor force. B) The Federal Reserve cuts interest rates to stimulate the economy. D. B) The tax cut would increase consumption spending more than would a permanent tax cut. a. B) the federal income tax. (d). B) the underground economy. D. Government failure. B) increases; decreases E) too low. C. What will be the prices of goods and services; how will these goods and services beproduced; and who will receive them? C) consumer surplus is minimized c. The alternative uses of time you spend studying 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. not everyone can have enough goods to survive. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. A) -3%. C) decrease in demand; decrease in quantity demanded C) Consumer surplus measures the net benefit from participating in a market. Microeconomics is concerned with issues such as A. c. determine the objective. A) Tuan purchases a cappuccino at the student union. D) on foreign soil. Dear Friends, We are posting prelims marathon MCQs for today. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. Changes in the aggregate price level (inflation) Economic growth. d. identify possible solutions. The importance of the ceteris paribus assumption when using models is that: Your survey tells you that, out of 15 airlines, 80% of them are likely to be late at least once a month. Please don't take his comments (a) personal, (b) personally. What determines the growth rate of gross domestic product? D) The minimum wage in Europe is lower than it is in the United States. A) What determines the minimum wage? C) there has been a downward movement along a demand curve. D. Competition, Consider the following economic agents: E) Discouraged workers are counted as unemployed. C) the ups and downs in inflation. Solve the Following Short-Essay Questions: Define demand. B) Yes, the recession will lower income in my field permanently. C) the demand curve shifted to the right resulting in an increase in the equilibrium price. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. C) Yvette pays $50 to join a softball league. Which one of the following is a macroeconomic issue? Which of the following is not a macroeconomic statement? B) the value of the decrease in business inventory stocks. Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes? Why is the economy of India growing? Suppose that nominal GDP in 2016 was less than real GDP in 2016. (b) 81,54,36,81,54,36, \ldots81,54,36,. Question 20. C. Opportunity cost. A. Which of the following is not one of the three core economic issues that must be resolved? a. D) What determines the salaries of college professors? C) $140. Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. Lower disposable income decreases consumption at every price level. B) structural unemployment Question: Which of the following is an example of a macroeconomic question? B) the consumer surplus received from purchasing a given quantity of a product. The minimum wage law causes unemployment. Which of the following economic activities are included in the subject-matter of Economics? A) less difficult than with monetary policy. To move the economy back to potential GDP, Congress should ______________ A) he lettuce that Subway purchases for its sandwiches C. The government should subsidize solar power for homeowners. B. A) an increase in demand. A) increase the measured unemployment rate. c. It confuses correlation and causation The "guns versus butter" dilemma that all nations confront is that Why is the typical person in the United States today more than 10 times richer than the typical person in the United States a century ago? A) horizontal. What factor was most responsible for the development of Japan's comparative advantage in automobiles? A. D. Increasing opportunity costs will occur with greater tank production. When the laws about civil commitment emerged, The Government will decrease spending by $20 million and increase taxes by $15 million. In a market economy, who decides what goods and services will be produced? C) cyclical unemployment D. Who gets jobs; what wages do workers earn; and who owns what property? C) decrease. A) ice cream and hot fudge are complements. D) The Federal government pays to support research on AIDS. A) Micah purchases a new wrench for his auto repair business. D) gross national product of Canada and the gross national product of the United States. Explain the pitfall of this statement. A) 5 times as much as your grandfather in terms of real income. C. do have an economic problem but are solving it. b. c. Falls victim to "post hoc, ergo propter hoc." Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not Answer: B Use the following diagram to answer questions 36-39: 36. Step-by-step explanation. Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . C. Congress increased the minimum wage rate in January. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. (a) 3,6,12,3,6,12, \ldots3,6,12, Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. C) oil prices. B. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. B. Microeconomics answers - Micro Summary exam 1 questions and answers microeconomics exam which of the following is macroeconomics question a:how much would math. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. Rational cost Suppose a drought resulted in a major reduction in the California lettuce crop. B) adds 1,000 new cars to inventories. B. D) Unlike positive economic analysis, normative economic analysis can be tested. C. Technology is lost. You will then have 50 minutes to answer all three of the following questions. A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. Every society faces economic trade-offs. The term economic system refers to the way in which a society organizes the production and distribution of good and services. What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? Which of the following would be classified as fiscal policy? C) interest rates; money supply Explain. C) The quantity of traditional camera film demanded increases. Q: Choose the statement that does not describe Microeconomics. Marco's consumer surplus from the purchase is (a). ECO111 Quizz 01 FALL 2021. During a business cycle expansion, total production ________ and total employment ________. D) increase in quantity demanded; increase in demand. Persistence is A. the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth. b. Your grandfather tells you that he earned $7,000/year in his first job in 1961. C. the economy as a whole. D) the price of sailboats increased. A: Macroeconomics is that branch of economics in which we study the economic problem and issues at a. The invisible hand at work. C. choices; scarce A. The income you could have earned The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. A. producers Micro Economic 100% (2) 176. The market mechanism. C. unlimited resources exceed limited wants. Technological advancements have led to lower prices and an increase in the sale of color laser printers. Opportunity cost True 3Government fixes the floor and ceiling . Is the value of the alternative use of the time you spend of playing this game A. how households and firms make choices. D. Price regulation by government. National income is equal to B) Persons who collect unemployment benefits report themselves to be searching for a job. bi tp eco question points): given the following annual information about hypothetical country, answer the following questions (expenditure approach to gdp) Skip to document. Maximum combinations of goods and services an economy can produce given its available resources and technology. C. Can a tax cut lead to a government budget surplus? D. There is too much production of lowcost, highquality goods and services. Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)? Macroeconomics is the branch of economics that deals with: (A) the prices of individual goods. B) the bread that Subway purchases for its sandwiches Which of the following can be used to correct market failure? D) ceteris paribus. Which of the following explains why the unemployment rate could be misleading? Microeconomics focuses on supply and demand . The purchasing. D) the level of technology is fixed and unchanging. ________ 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. D. macroeconomics. How many airlines will be late in one month? The use of market signals and government directives to select economic outcomes. If your nominal wage rises faster than the price level, we can say your real wage has ________ and the purchasing power of your income has ________ Bureaucratic delays B) the sum of consumer and producer surplus. meaning severe emotional or thought disturbances 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. B) the value of all cars produced by Ford in Mexico A) When will the government better secure the borders? Production possibilities curve will shift outward. A.

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