which of the following would be a macroeconomic question? which of the following would be a macroeconomic question?

D) the decline in the value of the stock market, net of dividends. Question: Question 21 Which of the following exemplifies a macroeconomic question? D. Economic growth and market failure. They are both automatically achieved in a free market economy. A) an increase in demand. C) frictional Economic growth. Suppose that nominal GDP in 2016 was less than real GDP in 2016. Solved Which of the following is an example of a | Chegg.com B) the value of the time spent on line. Scarce resources and opportunity cost. 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) a demand curve has shifted to the left. Should the government put a tax on alcohol in an attempt to reduce highway fatalities? B) the bread that Subway purchases for its sandwiches The automobile industry was experiencing the effects of _______ A) increase; more B. b. A) climate and natural resources. C. The market mechanism has failed to achieve social efficiency. B) a natural disaster like a hurricane or bad earthquake. D) the value of all cars produced by Nissan in Japan and the United States. C) There will be a decrease in the quantity of labor supplied by households. C) an autonomous; an induced E) Discouraged workers are counted as unemployed. B) there has been an upward movement along a demand curve. D. Competition, Consider the following economic agents: How do you go about weighing the alternatives? First, the poor tend to hold most of their financial assets in the form of cash rather than in interest-bearing assets. C. Can a tax cut lead to a government budget surplus? (b) the level of aggregate demand determines production, employment,. D) an increase in the labor force. A) There was deflation between 2007 and 2016. Inefficient bureaucracy. b. C) $140. B. stabilize the price level. A. c. determine the objective. Basic questions of economics - Economics Help Q: Choose the statement that does not describe Microeconomics. Historically, there have been three basic types of economic system: traditional, command, and market. C. society's output cannot be made available to all. Macroeconomics focuses on the performance of See Answer. b. D) technology. D) The demand curve will shift to the left. . A) lower government purchases by an amount less than $200 billion. 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. 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 C) wages are higher. D. There is too much production of lowcost, highquality goods and services. D) rises; Marla becomes more productive once she's married. Which of the following would be included in the gross domestic product for 2016? Difference Between Microeconomics & Macroeconomics - BYJUS \\\hline C) No, the recession will most likely be short-lived and I can get a job after it is over. Guns and butter can be produced using the same resources at the same time. Expected inflation is 2.3% and actual inflation may be greater by 0.4%, calculate the impact on the S&P500 projected return ( How would the projected return change) Create a portfolio invested in Boaz Allan (BAH) and Five9 (FIVN) with the . C) decrease the number of persons in the labor force. A. Which of the following transactions would be recorded in the French current account of its balance of payments statistics? Full employment is not considered to be zero unemployment, because 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 What is the impact of competition on the profits of a business? Both discretionary fiscal policy and monetary policy are instruments that governments employ to control the economy. B) Laurence rents a car to drive to a wedding in San Diego. A. Should Congress and the president take action to reduce global warming? The economy may be in equilibrium. D) a contractionary; an expansionary. B) increasing taxes or decreasing government purchases. C) Corporate income taxes; excise and other taxes From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely ________ D. A movement from the production possibilities curve to a point inside the production possibilities curve. The system that a society chooses reflects the philosophical and political ideas on which that society is founded. A production possibilities curve indicates the D. Government failure. A) the Income Security Tax. C) a 12-inch Subway sandwich purchased by a student A. What factor was most responsible for the development of Japan's comparative advantage in automobiles? The Government will decrease spending by $20 million and increase taxes by $15 million. B) $60. b. In 2015, the U.S. auto industry experienced rising sales. Deadweight loss refers to A) buys a new robotic machine (from a plant in Ohio) to assemble cars. Que10. C) a full-time employee at a pizza parlor who makes more than the minimum wage How were consumption and investment affected . 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). The third equation represents the investment function, where e and k are parameters. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. A) The demand curve for inkjet printers shifts to the right. Market failure. B. the possibility of inefficient production. A) by less than D) both U.S. GNP and German GDP. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. Getting the timing right with fiscal policy is generally _______________ Explain the pitfall of this statement. A) the unemployment rate increased. A) the value of worn-out equipment, machinery, and buildings. A) updates the market basket every two years, rather than every 10 years. C.. D. it intensified competition. b. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. C) Discouraged workers are not counted as unemployed. A. d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics C. Optimal marginalism a. D. The best alternative use of your time. c. Is one-half cost of the game, as this is the second time you have played it c. functional costs. a. C) decreases; increases Which of the following is a macroeconomics question? C) the unemployment rate decreased. D) GDP is adjusted for increases in drug addiction. The use of market prices and sales to signal desired output. B) higher; lower How consumers make purchasing decisions c. Inflation, unemployment, and economic growth d. Final decision making A Solved Question 21 Which of the following exemplifies a - Chegg D. Production of nonmilitary goods will decrease. The study of regional economy as whole. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). Technological advancements have led to lower prices and an increase in the sale of color laser printers. Allocative efficiency best explains ________, and productive efficiency best explains________. C. The process by which the production possibilities curve shifts inward. D. workers deciding to produce only what the boss says must be produced. B) vertical. Individual consumers. B. The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. B) the firm has an incentive to decrease supply now and increase supply in the future. C) the interest rate determined by the supply and demand in the money market. B) increased income tax rates. A. He hasn't looked for a job in the last three months, but he's just started looking for work again. Macroeconomics Basics. Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. 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: C) equal to the highest value of an alternative use of the time and money spent on the class. B) Delta buys a new European-made jetliner. 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? A. D) the reduction in economic surplus resulting from not being in competitive equilibrium. a. C) decrease the number of persons in the labor force. A pair of shoes that costs $80 last month costs $100 this month. A) -3%. Buyers will bear the entire burden of a unit tax if the demand curve for a product is C) productively efficient MCQs on Basic Economics - GeeksforGeeks A. b. C. The allocation of resources by market forces. Which of the following best describes an assumption economists make about human behavior? Microeconomics focuses on supply and demand . Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. B) structural unemployment 1. B) Japan has abundant supplies of labor. c. It considers part-timers as employed, and hence it is understated. b. unit contribution margin. Advertisement Advertisement B) total income in 2015 was around $17.3 trillion. D) a demand curve has shifted to the right. An economy is at equilibrium output when A. Y = C + I + G+ NX B. Y = AD + C + G + NX D) The government imposes taxes on those who earn beyond a certain amount of income. The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. A. Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years? In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. Solved Which of the following is an illustration of a | Chegg.com A. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. A. A) the price of sailboats increased and the demand for sailboats decreased." Nonetheless, you continue along your career path looking for a new job because _____________ b. consumers of mental institutions) and ___________ (movement \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ A. 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 D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ You will then have 50 minutes to answer all three of the following questions. (a) 3,6,12,3,6,12, \ldots3,6,12, Which of the following is a macroeconomic question? A. What determines A sharp rise in the price of vegetables. b. select the best possible solution. Select the phrase that correctly completes the following statement. C) GDP deflator Voluntary exchange B. decisions; household 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. According to a deputy commissioner of police, "Commerce does very little of what we recommend. B) protect the environment. C) decrease. C. The overall economy. occurred. D) The minimum wage in Europe is lower than it is in the United States. E) States increase taxes to fund education. To learn a way of thinking The marginal propensity to consume (MPC . Prelims Marathon - Economic Survey - February 28th - 2023. C) a tank purchased by the federal government Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes? 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) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. The equilibrium aggregate price level and level of aggregate output occur when. Would a projects NPV for a typical firm be higher or lower if the firm used accelerated rather than straight-line depreciation? Which of the following is not a durable good? Increasing the federal tax on gasoline would cause shipping costs in the United States to increase In terms of the production possibilities curve, inefficiency is represented by B) higher; lower C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. C) less than 5 times as much as your grandfather in terms of real income. C. The government should subsidize solar power for homeowners. All points outside the curve. Which of the following is a macroeconomics question? 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. Required use of pollution control technology that is obsolete. 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. \hline\\ 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. Solve homework. C. Want the goods and services the most. A. trade-off B. a) A French resident buys a Volkswagen car produced in Wolfsburg, Germany. B. Undiscovered natural resources. B) the federal income tax. D) legalized marijuana. Which of the following is a normative economic statement? PDF Questions and Answers - Damanhour D. topics such as unemployment, inflation, and economic growth. The following macroeconomic projected return models =. C. Lassiez faire price policies. Explore the definition and types of economics including microeconomics and macroeconomics and. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. b. What determines the salaries of Wall Street executives? The production possibilities curve between tanks and automobiles will shift outward. 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 ________ B. net benefit Writing Period 50 minutes . B) fallen; risen How does this affect the market for traditional inkjet printers? Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring You earn _________ A. ________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the marginal cost of production, and in which the sum of consumer surplus and producer surplus is at a maximum. D. constant opportunity costs as more and more of one good is produced. Second, they are generally less able than are the better off to protect the real value of their incomes and assets from inflation. \hline given up when we make a decision is called ____ of that decision D) an increase in the working-age population. d. Public economics. All points on the curve. MCQs on Introduction to Macroeconomics - BYJUS a. d. To learn how to make lots of money, Explain whether each of the following is an example of a macro or micro concern CONCEPT Equilibrium The government will probably implement expansionary macroeconomic policies. In cities with rent control, people have an incentive to list their apartments on sites such as Airbnb at rents ________ the controlled rates, because rent control causes a ________ of apartments. As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. C) NAFTA. D. There is no conflict between the two goals. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. 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) some people do not want a job. 1. Which field of economics deals primarily with the problems faced by low-income countries? A) everyone who wants a job has a job. A. B) adds 1,000 new cars to inventories. B) those that lend money lose. C. Congress increased the minimum wage rate in January. A) U.S. GDP. d. View Answer The key. d. It does not consider those who were laid off due to . Real domestic output is at its maximum level. D) The federal government cuts taxes to stimulate the economy. Is the economy experiencing a decline in the rate of inflation? B) Persons who collect unemployment benefits report themselves to be searching for a job. D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force. It allows researchers to isolate the effect of one event on another without the influence of outside variables C. Relies on the use of central planning by private firms rather than the government. Productive efficiency A) an increase in the number of people in the labor force If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible. Answer: (D) The economy as a whole. D) the Western Trade Union. D) 5%. As a result, GDP ________ because ________. c. It confuses correlation and causation The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill A. Which of the following would be classified as fiscal policy? Which of the following economic activities are included in the subject-matter of Economics? Profits are always very high and persistent A) Yes, the recession will ensure that you will never find a job as a programmer. A) greater on the buyer when the tax is collected from the buyer. How has the discovery of oil in the Niger delta affected Nigeria's environment? of disabled individuals to a less restrictive facility) also D) What determines the salaries of college professors? D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? Multiple Choice Quiz - Oxford University Press D. a country's population is larger than its resource base. meaning severe emotional or thought disturbances A. how households and firms make choices. Simple economies can be described in terms of three major economic