which of the following would be a macroeconomic question?

A) increases; increases D) The quantity of inkjet printers demanded decreases, Last month, the Tecumseh Corporation supplied 400 units of three-ring binders at $6 per unit. What kind of unemployment is Sarah experiencing? Which of the following is a microeconomic question? a. What are the A) welfare benefits B) decrease government spending. D. There is no conflict between the two goals. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. A) Japanese firms excelled in process technology. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. c. It considers part-timers as employed, and hence it is understated. d. It does not consider those who were laid off due to . B) What determines the production of video game consoles? C) risen; risen Combinations of production that are unattainable, given current technology and resources. More teenagers enter the labor force. Preparation and presentation of Union Budget 2. Should the government attempt to influence the interest rate to lower inflation? D) the legally determined maximum price that sellers may charge for a given quantity of a product. Stability c. Efficiency d. Growth A Economics is best defined as the study of a. Multiple Choice Quiz - Oxford University Press a. C. A centrally planned economy (D) the economy as a whole. B) The Federal Reserve cuts interest rates to stimulate the economy. C) How does Fiat decide on the price of the 500 Pop model? D) a demand curve has shifted to the right. C. Should the government prevent the merger of two large firms? Increasing the federal tax on gasoline would cause shipping costs in the United States to increase . A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. Which of the following is an example of spending on goods and services in the circular flow model? A) the value of output in 2015 was around $17.3 trillion. D. D) $200. c. What were some of the reasons that the Egyptian government built the Aswan High Dam? Which of the following is a macroeconomics question? a. How many D) the same whether the tax is collected from the buyer or the seller. A) a demand curve has shifted to the left. C) 1.5% D) The minimum wage in Europe is lower than it is in the United States. Exercise 01 - bi tp eco - Question 1 (3 points): Given the following Which of the following is not a macroeconomic statement? C) decreases; increases c. Walmart announced that it will increase its starting wage for employees to $10/hour by Feb 2016 A family's decision about how much income to save. A: Economics is the study of production, distribution, and consumption when the resources are scarce in. D. All of the choices are correct. MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring C) The purchasing power of your salary remained constant between 2007 and 2016. D. A rightward shift of the curve. A) total employment is greater. C) wages are higher. c. Labor economics Is a normative analysis Question 01. A) cyclical C. How is the production quantity of snowboards determined? The system that a society chooses reflects the philosophical and political ideas on which that society is founded. B. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. Investment, as defined by economists, would not include which of the following? D) the reduction in economic surplus resulting from not being in competitive equilibrium. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B) Individual income taxes; social insurance taxes The economy's capital stock declines. Micro Economic 100% (3) 6. Which of the following is a microeconomics question? Which of the following is an example of government failure? Electric car enthusiasts want to buy more electric cars at a lower price. What were the macroeconomic principles or models that influenced your decision making?] A. 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? Econ Chapters 1 - 3 Flashcards | Quizlet there is a capital account surplus. A) less difficult than with monetary policy. The minimum wage law causes unemployment. C) productively efficient b. As a result, _____________ You earn $35,000/year in your first job in 2016. D. Average combinations of goods and services an economy can produce given its available resources and technology. Automatic stabilizers refer to Solved Question 21 Which of the following exemplifies a - Chegg It is the field of economics that studies the behavior of the entire economy. D. the choices people make to attain their goals, given their scarce resources. C) an increase in taxes C) discretionary monetary policy. D) gross national product of Canada and the gross national product of the United States. These are: A. income, spending and saving. a. 300+ TOP Macroeconomics MCQs and Answers Quiz Exam C) decrease in demand; decrease in quantity demanded a. B) The supply curve will shift to the right. B) a competitive equilibrium is achieved B) the labor force participation rate decreased. B) frictional unemployment equals zero. B) The demand for video game consoles would decrease and the equilibrium price of video game consoles would decrease. (d). A. Buyers will bear the entire burden of a unit tax if the demand curve for a product is Which of the following is a macroeconomics question? D) Lily purchases a new massage table for use in her therapy center. C. the tendency of many economic variables to move together in a predictable way over the business cycle. D) durable goods; nondurable goods, How are intermediate goods treated in the calculation of GDP? A) a law making it illegal to work more than 35 hours per week C) Producer efficiency B. All of these O b. D. all of the above Answer: D.all of the above 2. b. unit contribution margin. ________ and ________ are the largest sources of revenue collected by the federal government D) a decrease in oil prices, The aggregate demand curve will shift to the left ________ the initial decrease in government purchases. a. D. workers deciding to produce only what the boss says must be produced. D) all of the above. C) Toby buys a new lawn mower to use in his lawn care business. C) above the market wage, causing labor demand to be greater than labor supply. C. maintain equilibrium in the Balance of Payments. C) consumer surplus is minimized Will a cut in the interest rate increase Canadian output? B. What is Macroeconomics? D) Unlike positive economic analysis, normative economic analysis can be tested. This would D) below; shortage. Which of the following correctly describes the relationship between economic efficiency and economic equity? Choices made by people faced with scarcity b. b. Why is the economy of India growing? 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) The demand curve will shift to the left. Choose the correct option. b. B) greater on the seller when the tax is collected from the seller. D) They are included only if they are imported, Which of the following are not considered part of government purchases? Required use of pollution control technology that is obsolete. Which of the following transactions would be recorded in the French current account of its balance of payments statistics? A. public economics. D. Who gets jobs; what wages do workers earn; and who owns what property? Macroeconomics is a branch of economics that depicts a substantial picture. A. Microeconomics answers - Micro Summary exam 1 questions and answers microeconomics exam which of the following is macroeconomics question a:how much would math. \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). B. a. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married B. the government Works through central planning by government. B) more than 5 times as much as your grandfather in terms of real income. The market mechanism. B. Difference Between Microeconomics & Macroeconomics - BYJUS An increase in ____________ 1. D) ice cream is a normal good and hot fudge is an inferior good. 3. In the following macroeconomic system, find the parametric D) GDP falls by $1,875. Which of the following is not a function of money? Group of The opportunity cost of taking an on-line history class is d. identify possible solutions. Each point on a demand curve shows According to the text, economists consider full employment to occur when D) both U.S. GNP and German GDP. B) discouraged workers 1 #7. A) a decrease in supply. A graph that contains two variables with a negative relationship is _________, while a graph that contains two variables with a positive relationship is _________. B) The federal government pays the salary of an FBI agent. D) allocatively efficient. B) gross national product of Canada. B) a decrease in government purchases A) an increase in the money supply and a decrease in interest rates D) The "Lucky Ducky" casino buys a new crabs table for the casino floor. D. the choices people make to attain their goals, given their scarce resources. E. consumers and firms choosing which goods and services to buy or produce. Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams. a. margin of safety. A. b. 1. A) 5 times as much as your grandfather in terms of real income. B) increased income tax rates. there is a current account surplus. C. Maximum combinations of goods and services an economy can produce given unlimited resources. Chapter 6, P R O B L E M S E T 3 . Microeconomics questions and answers Refer to the following graphs to answer the question below. C) interest rates; money supply B) In a market system, firms can charge any price they want, thus preventing poor people from getting as many goods and services as they wish. b. of disabled individuals to a less restrictive facility) also a. A. it allows countries to exploit their comparative advantage, more fully. B. Advertisement Advertisement D) quantity of Dell employees. B. The opportunity cost of studying for an economics test is D) producer surplus is minimized. b. C) 3% a. To reduce the bias in the consumer price index, the Bureau of Labor Statistics Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations D. All of the choices are correct. 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. A. unlimited wants exceed limited resources. In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending B. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. Market failure. Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. c. The price of gasoline Laws and regulations. C) $140. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). B) an increase in the number of manufacturers of electric cars. B. For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. B. not everyone can have enough goods to survive. A) climate and natural resources. 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. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. A) attainable C) ensure safe imports. To learn a way of thinking C. Production of nonmilitary goods will decrease. Thus we can say that it is that part of economic theory which studies the economy in its totality or as a whole. A) inflation B) continually risen. Technological progress has made it possible for firms such as Apple and Alivecor to develop small electronic devices, including smartwatches, smartphones, and products that can be attached to the smartwatches and smartphones, to serve consumers who have become more health conscious and wish to monitor various health conditions. D) The purchasing power of your salary increased between 2007 and 2016. A. A) Tuan purchases a cappuccino at the student union. What determines the salaries of Wall Street executives? A shift inward of the production possibilities curve. A. how households and firms make choices. A) the law of supply has been violated. [Identify the impact of your changes to the income and corporate tax rates. B) add to GDP. A production possibilities curve indicates the Macroeconomics is focused on the movement and trends in the economy as a whole. B) far less difficult than with monetary policy. C) during an expansion. D) the unemployment rate consists of only frictional and structural unemployment. B. still have an economic problem. Which of the following would increase the unemployment rate? Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. All points outside the curve. It converts normative analysis into positive d. National output, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean. the same weight of goods has been imported as were exported. 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 C) The demand curve will shift to the right. C) the ACIF. D) Brazil's GNP. Mike has been unemployed for over a year. C. The money you spent on tuition for the class. A black market is a market where buying and selling take place a. Which of the following is the best example of land? C. consumers Which of the following is a microeconomics question? Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. C) real GDP in 2016 was less than real GDP in the base year. Which one of the following is the objective of fiscal policy? . ________ 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. What goods and services should we produce? Question: Which of the following is a macroeconomics question? A) the free market. Flow (1) represents: A) wage, rent, interest, and profit income. A) Micah purchases a new wrench for his auto repair business. All of the following events would have this effect except Which of the following is a microeconomics question? Microeconomics is concerned with issues such as 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. This means ______. The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. D) all of the above are true. A. Report an issue. C) ice cream and hot fudge are normal goods. D) people do not find jobs instantaneously. A. As a result, GDP ________ because ________. The New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers called "bandit barriers."