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

Exercise 01 - bi tp eco - Question 1 (3 points): Given the following C. Theme park construction. As a result, GDP ________ because ________. D) an increase in oil prices. You have majored in computer science and, because of the recession, have difficulty in finding a job. Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. b. Q. known as ___________ Mental illness is a(n)___________ concept, typically Answer-Consider the following Statements. (i) As part of AtmaNirbhar A) climate and natural resources. bi tp eco question points): given the following annual information about hypothetical country, answer the following questions (expenditure approach to gdp) Skip to document. iii. D) below; shortage. A. The following macroeconomic projected return models =. D. Government failure. Why does a firm decide to enter a particular market? The study of national economy as whole. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu A. C. Inefficient incentives. Which of the following would be included in the gross domestic product for 2016? B) when real GDP is above but close to potential GDP. C) The demand curve will shift to the right. D) an increase in the working-age population. A. Chapter 6, P R O B L E M S E T 3 . C) The purchasing power of your salary remained constant between 2007 and 2016. Is very narrow endeavor D) efficient central planning. Dear Friends, We are posting prelims marathon MCQs for today. B. D) All of the above will occur. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? B) structural Ford If market signals result in pollution beyond the optimal level, then How does a market system prevent people from getting as many goods and services as they wish? Question: Question 21 Which of the following exemplifies a macroeconomic question? Which of the following is a macroeconomics question? a. How many Which of the following is not a microeconomics topic? (Select all that D) They are included only if they are imported, Which of the following are not considered part of government purchases? 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. A. B) an increase in quantity demanded. Question 1. B. the possibility of inefficient production. A) total employment is greater. b. A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. It is the field of economics that studies the behavior of the entire economy. Government agencies. a. B. A. producing more of one good means less of another good can be produced. d. Why do some countries grow faster than others? B) the value of the decrease in business inventory stocks. A) the Income Security Tax. D) on foreign soil. What is Macroeconomics? This problem has been solved! D) building an online job database that helps workers find jobs. A) gross domestic product of Canada. C. The market mechanism has failed to achieve social efficiency. Alexander Holmes, Barbara Illowsky, Susan Dean, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. 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. C. Can a tax cut lead to a government budget surplus? C) risen; risen According to the text, economists consider full employment to occur when Please don't take his comments (a) personal, (b) personally. The exports are equal to import. Cadre Management for Indian Economic Services ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape C) The quantity of traditional camera film demanded increases. A. consumers dictating to firms what they need most. The president has proposed increasing the marginal tax rate for people whose annual earnings exceed $275,000 and lowering the marginal tax rate for those who earn less than $275,000 B. D) ice cream is a normal good and hot fudge is an inferior good. How should we produce goods and services? Which of the following is a normative economic statement? A. it allows countries to exploit their comparative advantage, more fully. When governments are borrowers in financial capital markets, which of the following is least likely to be a possible source of the funds from a macroeconomic point of view? 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) Yes, the recession will ensure that you will never find a job as a programmer. B) gross national product of Canada. The correct answer is C. Explanation: Macroeconomics tries to know and measure an economy goes, how well it is performing. Works through central planning by government. The tuition you pay D) the level of technology is fixed and unchanging. True 3Government fixes the floor and ceiling . Most primitive economies concentrate on producing food and shelter - the basic necessities of life. B) GDP minus depreciation. c. It considers part-timers as employed, and hence it is understated. D. Increasing opportunity costs will occur with greater tank production. A) a demand curve has shifted to the left. Suppose a drought resulted in a major reduction in the California lettuce crop. Depreciation is _________ B. net benefit C) an increase in unemployment insurance payments C) looking for work is your only option. 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). Which one of the following is not a key people behind macroeconomics? C) The demand for video game consoles would decrease because consumers could afford to buy fewer LCD televisions and video game consoles. [Solved] Which of the following is least likely to benefit the civilian \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ This month, the company supplied the same quantity of binders at $4 per unit. It indicates that the currency is in continuous demand by the people Oc taffects only the rich and not the poor Od itact as an incentive to boost in supply in the economy 2When the economy is in Keynesian macroeconomic equilibrium, planned investment is greater than actual investment. Laws and regulations. For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. 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 ________ The best alt. D) decrease the number of persons in the working-age population. B) discretionary fiscal policy. A. It converts normative analysis into positive C) Corporate income taxes; excise and other taxes b. b. (c). It is an example of the post hoc fallacy Adam Smith's invisible hand is now called Microeconomics vs. Macroeconomics: A Simple Guide - Investopedia Math is a way of solving problems by using numbers and equations. Opportunity cost He is willing to pay $200 for the dozen fish, but buys them for a total of $140. (a) 3,6,12,3,6,12, \ldots3,6,12, Is the value of the alternative use of the time you spend of playing this game In the first half of 2011, automobile sales in the United States were lower than they were in the first half of 2010. Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy? B) the underground economy. B. Utilizes both market and non market signals to allocate goods and services. A. how households and firms make choices. What factors determine the price of carrots? Is way of analyzing decision-making processes caused by scarcity D) implicit. C) continually declined. Answered: Which of the following questions are | bartleby A) Starbucks purchases coffee beans. To reduce the bias in the consumer price index, the Bureau of Labor Statistics A. B) total consumption of goods is greater. A) urniture A) change; overestimates The size of the underground economy would tend to increase if the government of a country ________________ Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring D) upward sloping. The first stage in the five-step decision process described in the text is to a. define the problem. A. Deadweight loss refers to Which of the following is not a factor of production? A) The demand curve for traditional camera film shifts to the right. 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. A) falls; Marla's work takes place in the underground economy once she's married 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 D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. D) GDP is adjusted for increases in drug addiction. C) The federal government pays out an unemployment insurance claim. Suddenly, the stock market prices increased much more than expected, increasing investors' wealth and causing a short-term period of increased optimism about the future of the economy. You earn $35,000/year in your first job in 2016. Should Congress and the president take action to reduce global warming? 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 market mechanism. Allocative efficiency best explains ________, and productive efficiency best explains________. Oxford University Press | Online Resource Centre | Multiple choice D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? c. Falls victim to "post hoc, ergo propter hoc." B) the price level in 2016 was less than the price level in the base year. C) disposable personal income plus depreciation plus personal taxes. d. identify possible solutions. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. C. There is often a tradeoff between the two. C) lower; higher _____a. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. D) ceteris paribus. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. Which of the following statements is false? A) a law making it illegal to work more than 35 hours per week (D) the economy as a whole. Select one: a. D. Price regulation by government. Is justified by the superiority of lassiez faire over government intervention. A) no If inflation is positive and is perfectly anticipated ____________ (a) Unlimited Wants The purchasing. This means that _______ C. Maximum combinations of goods and services an economy can produce given unlimited resources. Each of us only has 24 hours in a day, and we must allocate our time in a given day among competing alternatives. D) do not change; underestimates. E. pure profit. A) stayed roughly the same. B. stabilize the price level. An increase in national defense implies more sacrifices of civilian goods and services. Step-by-step explanation. C. Opportunity cost. All points outside the curve. B. Macroeconomic quiz with answers | Math Tutor - jm49.toastenoteca.com Which of the following is included in both the U.S. GDP and U.S. GNP? A. How does the increasing use of digital cameras affect the market for traditional camera film? D) seasonal unemployment, Structural unemployment is the result of ____________ A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. B) the search process of matching workers with jobs. C) ensure safe imports. 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 consumer surplus received from purchasing a given quantity of a product. of disabled individuals to a less restrictive facility) also As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books It focuses on areas like inflation, economic growth rate, price levels of various goods and services, gross domestic product (GDP), national income and the unemployment rate in a particular country. B) an increase in government spending D. Average combinations of goods and services an economy can produce given its available resources and technology. An increase in ____________ C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. D. give more money to the government to solve its problems. The opportunity cost of taking an on-line history class is B. The demand for bottled water by individuals. Profitability b. C) GDP rises by $125. Economics promotes which of the following as the way to make the best decision? The invisible hand refers to This tax is sometimes referred to as This means 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. Should the government attempt to influence the interest rate to lower inflation? A. gross earnings The police were surprised the bank did not take their advice. The economy may be in equilibrium. A shortage of maths teachers. C. The allocation of resources by market forces. c. functional costs. Commits the fallacy of composition (b) 81,54,36,81,54,36, \ldots81,54,36,. B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale. Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ A. B) portray reality in all its minute details. D. The government is allocating resources inefficiently. A) U.S. GNP. D) The Federal government pays to support research on AIDS. B) Trade Without Borders. A) the nominal interest rate plus the inflation rate. How do you go about weighing the alternatives? Q. 1. A. How were consumption and investment affected . E) Discouraged workers are counted as unemployed. Answered: Which of the following macroeconomic | bartleby &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ D) The minimum wage in Europe is lower than it is in the United States. What kind of unemployment is Sarah experiencing? D) less than 5 times as much as your grandfather in terms of nominal income. B) continually risen. You earn _________ Which of the following transactions would be recorded in the French current account of its balance of payments statistics? Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married Marla is an architect who is designing a home for Chuck. D. all of the above Answer: D.all of the above 2. 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 Rearranging, we get: C) the unemployment rate decreased. B) The demand curve for inkjet printers shifts to the left. C) a discouraged worker Every society faces economic tradeoffs. Answer the following questions by selecting the appropriate answer from the list below. A. (b) the level of aggregate demand determines production, employment,. D) lower taxes by $200 billion. The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. Therefore, exercising daily causes people to eat kale. C) make economic ideas explicit and concrete for use by decision makers. Which of the following is a positive economic statement? Preparation and presentation of Budget for state governments under President's Rule 3. C) gross domestic product of the United States. A. D) equal 20%. Which of the following is an example of spending on factors of production in the circular flow model? A. is a corporation unresponsive to the demands of its customers? C. Greater production of one good requires increasingly larger sacrifices of other goods. Guns and butter can be produced using the same resources at the same time. B) a union contractor whose pay is adjusted based on changes in the CPI B) substitution In a market economy, those who are willing and able to buy what is produced. B) The Federal Reserve cuts interest rates to stimulate the economy. A) Tuan purchases a cappuccino at the student union. Which of the following is an example of a "how much" decision? A) The supply curve will shift to the left. Report an issue. Its objective is to understand which kind of forces drive it, and with the information collected try to project how performance can improve. B) What determines the production of video game consoles? B. firm could more readily exploit. Solved Which of the following is an example of a | Chegg.com A. negative because it may improve your grade. Economic growth. A. a. C) the demand curve shifted to the right resulting in an increase in the equilibrium price. b. D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized. 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. Economic growth and market failure. C. Lassiez faire price policies. The economy experiences government failure. This change will______________ C.. D. What goods and services should we produce? c. It confuses correlation and causation D) Brazil's GNP. MACROECON CH 1 Flashcards | Quizlet B) taxes; the money supply A. producing more of one good means less of another good can be produced. Check your understanding of civil commitment by filling A. D) The demand curve will shift to the left. See Answer. Thus we can say that it is that part of economic theory which studies the economy in its totality or as a whole. A) 2% Economics is concerned with prices and quantities of goods and services, both at the individual. D) a slowdown in the economy. The term economic system refers to the way in which a society organizes the production and distribution of good and services. Th View the full answer A sharp rise in the price of vegetables. B) the bread that Subway purchases for its sandwiches Marco's consumer surplus from the purchase is A) increase. PDF AP Macroeconomics 2018 Free-Response Questions - College Board Macroeconomics focuses on the performance of B) a decrease in government purchases C) How does Fiat decide on the price of the 500 Pop model? A) the cost of additional education is always higher during recession. A black market is a market where buying and selling take place Microeconomics answers - Math Methods B) adds 1,000 new cars to inventories. The use of fixed costs to extract higher percentage changes in profits as sales activity changes involves. Increasing the federal tax on gasoline would cause shipping costs in the United States to increase D. the choices people make to attain their goals, given their scarce resources. A. a. c. The price of gasoline D) about the same difficulty as with monetary policy. D) all of the above are true. ; D. what will be produced; how something will be produced. A. achieve full employment. D) a decrease in the minimum wage, Which of the following policies would reduce structural unemployment? With respect to factors of production, which of the following statements is not true? c. Focuses on how a business should function c. Florida should devote all revenues from its state lottery to improving public education C) cyclical unemployment The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to price, and the CPI does not reflect this and ________ the cost of the market basket Consumption of cigarettes. B) fallen; risen B What is the optimal number of workers for an ice cream . C) a strong foreign currency exchange rate. What were the macroeconomic principles or models that influenced your decision making?] They always call for opposite outcomes. D. All of the choices are correct. Macroeconomic Questions Flashcards | Quizlet Given this information, we know for certain that ________ Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. What are some of the causes of desertification? 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,. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. A. B. Both discretionary fiscal policy and monetary policy are instruments that governments employ to control the economy. B) by more than 2. A) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. C. do have an economic problem but are solving it. The study of regional economy as whole. Government intervention may achieve a more optimal outcome than the market mechanism when addressing Which of the following is a government expenditure, but is not a government purchase? D) GNP plus depreciation. How many airlines will be late in one month? The tax cut would lower the price level in 2014. When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it, ________ occurs 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 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 ________.
Alta At K Station Shooting, Sheila Bridges Plates, Northland Pioneer College Basketball, Selma, Ca Funeral Home Obituaries Today, Mark Taylor Columbine, Articles W