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

Compared to their pre-trade positions, trade makes both countries better off because in each country D. Are willing to pay the highest price. C) a full-time employee at a pizza parlor who makes more than the minimum wage Question: Which of the following is a macroeconomics question? d. To learn how to make lots of money, Explain whether each of the following is an example of a macro or micro concern Given that, the question "According to the Bureau of Economic Analysis, what has been the average annual level of inflation (as measured by the GDP Deflator) over the past 10 years?" Th View the full answer Macroeconomic Questions Flashcards | Quizlet D) durable goods; nondurable goods, How are intermediate goods treated in the calculation of GDP? If inflation over the year is 2%, what is the real interest rate you are paying? B) automobile See Answer 14 15 Show transcribed image text Expert Answer Answer no (14). \textbf{\hspace{10pt}Activity}&\textbf{Cost}&\hspace{20pt}\textbf{Allocation Base}&\textbf{of Allocation Base}\\ The purchasing. Annes Newton- macro economics quiz 2 - Annes Newton - G00378073- ECON C) oil prices. Economic growth. Assume the punctuality random variable follows a binomial distribution. B) The purchasing power of your salary fell between 2007 and 2016. B) consumption; investment The use of market prices and sales to signal desired output. D) gross national product of Canada and the gross national product of the United States. b. consumers D) The purchasing power of your salary increased between 2007 and 2016. Microeconomics focuses on supply and demand . D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ This would D) the same whether the tax is collected from the buyer or the seller. The market mechanism may best be defined as Deflation occurs when ____________ It is an example of the post hoc fallacy D) lower taxes by $200 billion. A) less difficult than with monetary policy. c. Industrial organization As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises In the past two decades the United States lost its comparative advantage in automobiles to Japan. The study of national economy as whole. B) add to GDP. 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. Economics involves allocating resources to meet peoples' needs and desires for goods and services. A shift inward of the production possibilities curve. of disabled individuals to a less restrictive facility) also C) a discouraged worker A) Individual income taxes; corporate income taxes B) the nominal interest rate minus the inflation rate. [Solved] The following table contains nominal and - SolutionInn D) decrease the number of persons in the working-age population. a. D) lower; lower, Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. To learn a way of thinking A grocery store sells a bag of potatoes at a fixed price of $2.30. Report an issue. C) Yvette pays $50 to join a softball league. C) disposable personal income plus depreciation plus personal taxes. B. D) all of the above are true. (a). Show more. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? C) NAFTA. D-Positive 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,. The money-creating potential in the banking system in the given case is computed as follows: c. The price of gasoline d. It does not consider those who were laid off due to . The importance of the ceteris paribus assumption when using models is that: Public economics A pair of shoes that costs $80 last month costs $100 this month. Prelims Marathon - Economic Survey - February 28th - 2023. d. Ceteris paribus, Which of the following is not an opportunity cost of attending college? C) interest rates; money supply The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . a. A) employed B. 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 D) the price of sailboats increased. Which of the following is a positive macroeconomic statement: a. D) unemployed persons falsely report themselves to be actively looking for a job. A) labor, capital, land and natural resources are fixed in quantity. B) the sum of consumer and producer surplus. Changes in the aggregate price level (inflation) e. variable cost reduction. In 2015, the U.S. auto industry experienced rising sales. answer choices. a. margin of safety. D. Increasing opportunity costs will occur with greater tank production. B) Individual income taxes; social insurance taxes What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? 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 ________ Production possibilities curve will shift outward. The market mechanism at work. Suppose that nominal GDP in 2016 was less than real GDP in 2016. What kind of unemployment is Sarah experiencing? C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. Consumption of cigarettes. Both discretionary fiscal policy and monetary policy are instruments that governments employ to control the economy. B) increased income tax rates. Answering these four questions is essential for an economy to function properly. a. ECO 210 Ch.1 Flashcards | Quizlet [Identify the impact of your changes to the income and corporate tax rates. 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) ice cream and hot fudge and substitutes. The following macroeconomic projected return models B) an expansionary; a contractionary b. D) about the same difficulty as with monetary policy. B) an increase in quantity demanded. b. real costs. In a market economy, those who are willing and able to buy what is produced. D. Al of the choices are correct. A. A) lower government purchases by an amount less than $200 billion. A black market is a market where buying and selling take place B) the federal income tax. C) wages paid to employees by Dell. A) What determines the minimum wage? A) some cyclical unemployment always exists. It does not consider discouraged workers, and hence it is understated. Solve the Following Short-Essay Questions: Define demand. B. still have an economic problem. 1) Economic models do all of the following except A) answer economic questions. iii. Which of the following statements is not true? Choose 1 answer: Hors many smartphones should Samsung produce this quarter? Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years? The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as B) Delta buys a new European-made jetliner. B) The demand curve for inkjet printers shifts to the left. A. E) 9.5%. C. Government failure does not exist. A) 5 times as much as your grandfather in terms of real income. D) A drug dealer reports herself as unemployed. A) an induced; an autonomous D) decreasing the money supply and increasing interest rates. A) a retired railroad engineer who receives a fixed income payment every month If the variables along the x-axis and y-axis move in opposite directions, there is a ________ relationship between the two variables. A) the cost of additional education is always higher during recession. A) the Income Security Tax. A. A) inflation. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. A) the value of the house in 2016 D) having an absolute advantage. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? This means ______. Which of the following would increase the unemployment rate? Economists reason that the optimal decision is to continue any activity up to the point where the. B) Laurence rents a car to drive to a wedding in San Diego. The Government will decrease spending by $20 million and increase taxes by $15 million. (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. A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. D) do not change; underestimates. b. A. B) European countries offer higher unemployment benefits than the United States. C) there is a decline in the price level. C) a change in the amounts of one good desired. ________ 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. C. A centrally planned economy Step-by-step explanation. Economics is the study of the ________ people make to attain their goals, given their________ resources. A. producing more of one good means less of another good can be produced. Posted on March 1st, 2023 Last modified on March 1st, 2023 Comments. B) falls; Marla's work becomes less valuable once she's married 3. In the following macroeconomic system, find the parametric C) productively efficient Profit opportunities are eliminated almost instantaneously the same weight of goods has been imported as were exported. A) decreased government regulations on businesses. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. Key Takeaways. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. B) unattainable Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes? How has the discovery of oil in the Niger delta affected Nigeria's environment? C.. b. B) the economy produces only two products. 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. B. spending, production and saving. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. D. give more money to the government to solve its problems. Macroeconomics focuses on the performance of Which of the following is an example of spending on goods and services in the circular flow model? C. A surplus of . C) people employed in the underground economy More teenagers enter the labor force. C) Producer efficiency A) total employment is greater. b. B) discouraged workers D) GDP falls by $1,875. A. D) GDP is adjusted for increases in drug addiction. C) Discouraged workers are not counted as unemployed. . D. None of these choices are correct. You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. D. Markets result in an unfair distribution of income. Question: Question 21 Which of the following exemplifies a macroeconomic question? MACROECON CH 1 Flashcards | Quizlet Individual consumers. Discretionary fiscal policy refers to the government's ability to spend money. C) A state government cuts taxes to help the economy of the state. (b) 81,54,36,81,54,36, \ldots81,54,36,. B. producers deciding what society wants most. Which of the following statements is false? D) an increase in consumers' taste for coffee. D. some people live better than others do. D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force. C) real GDP in 2016 was less than real GDP in the base year. D) rises; Marla becomes more productive once she's married. C) complete A. Difference Between Microeconomics & Macroeconomics - BYJUS A) ice cream and hot fudge are complements. Macroeconomics Flashcards | Quizlet B. (b) the level of aggregate demand determines production, employment,. B) higher; lower View Answer. A technological advance would best be represented by In a market economy, who decides what goods and services will be produced? All of the above. A) during a deep recession. C) automatic stabilizers; monetary policy Macroeconomics is a branch of economics that depicts a substantial picture. The economy may be in equilibrium. C) investment; consumption D) the demand curve shifted to the left resulting in a decrease in the equilibrium price. a. Microeconomics C) an autonomous; an induced Step-by-step explanation. Full employment is not considered to be zero unemployment, because The size of the underground economy would tend to decrease if the government of a country __________________ D. What factors determine the price of electronic cigarettes? Profits are always very high and persistent A. \text{Grooming}&\text{\underline{\hspace{15pt}80,000}}\hspace{10pt}&\text{Grooming direct labor hours}&\text{\hspace{10pt}4,000}\\ D) the plastic bags that Subway purchases to wrap its sandwiches. Should the government put a tax on alcohol in an attempt to reduce highway fatalities? B) Yes, the recession will lower income in my field permanently. Profitability b. A) Yes, the recession will ensure that you will never find a job as a programmer. Will a cut in the interest rate increase Canadian output? C) after regular office hours. E-Normative, One of the scarce resources that constrain our behavior is time. D) will raise disposable income and raise spending. A) the willingness of consumers to purchase a product at different prices. For schedule, refer to the archive link given below. D. All of the choices are correct. B) 3%. What is the probability that they all will be late? B. During a business cycle expansion, total production ________ and total employment ________. A) below the market wage, causing labor demand to be greater than labor supply. C. Eliminates market failures by government. i. D) producer surplus is minimized. C) frictional 300+ TOP Macroeconomics MCQs and Answers Quiz Exam A) -3%. C) less than 5 times as much as your grandfather in terms of real income. Chapter 6, P R O B L E M S E T 3 . A) decrease the required reserve ratio. A. Which one of the following is the objective of fiscal policy? B) increase the measured labor force participation rate. C) below; surplus (b). A. B. the possibility of inefficient production. B) government purchases. D. the choices people make to attain their goals, given their scarce resources. B) one's property rights. The decision about what goods and services will be produced in a market economy is made by 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). 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. By definition, economics is the study of Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? A) the value of output in 2015 was around $17.3 trillion. D) the Western Trade Union. Real domestic output is at its maximum level. a. Which of the following is a positive economic statement? B) unemployed B. B) structural unemployment A: Macroeconomics is that branch of economics in which we study the economic problem and issues at a. If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? B) the bread that Subway purchases for its sandwiches It converts normative analysis into positive Keynesian Economics Questions and Answers - Study.com You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question 12. The income effect of a price change results in a _________ Should Congress and the president take action to reduce global warming? Is the economy experiencing a decline in the rate of inflation? E) too low. b. B. Which of the following is not a macroeconomic question? A. Should the Que11. B) Trade Without Borders. C. The money you spent on tuition for the class. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? Zero because you knew when you registered for the class that studying would be required. If Congress passed a one-time tax cut in order to stimulate the economy in 2014, and tax rate levels returned to their pre-2014 level in 2015, how should this tax cut affect the economy? A) an increase in the number of people in the labor force Equity Micro Economic 100% (2) 176. A) U.S. GNP. b. The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. C) Consumer surplus measures the net benefit from participating in a market. C) there has been a downward movement along a demand curve. B. C. Maximum combinations of goods and services an economy can produce given unlimited resources. C) The quantity of traditional camera film demanded increases. C. How is the production quantity of snowboards determined? D) increased business taxes. If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? b. Technological advancements have led to lower prices and an increase in the sale of color laser printers. C. There is often a tradeoff between the two. C. What will be the prices of goods and services; how will these goods and services beproduced; and who will receive them? The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill C) increased income tax rates. D) technology. B) the labor force participation rate decreased. D) a contractionary; an expansionary. Choose the correct option. The Federal Aviation Administration is considering increasing the number of takeoff and landing slots available at Ronal Reagan Washington National Airport Given the following data, what is money creating potential in this B) there has been an upward movement along a demand curve. C) do not change; overestimates B) will raise disposable income and lower spending. C) legalized prostitution. 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. C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. A. income; available Economists have shown that the burden of a tax is Answer-Consider the following Statements. (i) As part of AtmaNirbhar D) Excise and other taxes; individual income taxes. A. supply and demand. c. Bill Gates faces scarcity because resources are limited Quiz 1: Introduction to Macroeconomics Quiz - Quizizz We can conclude, therefore, that increased ice cream sales cause an increase in burglaries." Factors of production and price signals. Cadre Management for Indian Economic Services A) technological advancement in the production of electric car batteries. Scarcity refers to the situation in which. b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. B) when real GDP is above but close to potential GDP. The minimum wage law causes unemployment. A) frictional unemployment ActivityAdmissionCleaningGroomingTotalindirectcostsEstimatedCost$60,000240,00080,000$380,000AllocationBaseNumberofadmissionsCleaningdirectlaborhoursGroomingdirectlaborhoursEstimatedQuantityofAllocationBase20,000100,0004,000. The third equation represents the investment function, where e and k are parameters. B) higher; lower B) change; underestimates What Are the Four Basic Economic Questions? - Reference.com D) real GDP in 2016 was greater than real GDP in the base year. B. given up when we make a decision is called ____ of that decision A. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. C) cyclical unemployment C. consumers The New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers called "bandit barriers." Guns and butter can be produced using the same resources at the same time. Solved which of the following is NOT a macroeconomic | Chegg.com 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. If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as_______ d. sensitivity analysis. 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 PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. Chuck is paying Marla $150 per hour to design his new home. a. B) some people do not want a job. A) 2% B. a nation's poverty level increases faster than its population. C) decrease in demand; decrease in quantity demanded A) higher; higher D) Your father buys a new John Deere riding lawn mower. C) decrease. Deadweight loss refers to The term "market" in economics refers to ______________. D) there is a decrease in the expected rate of inflation. occurred. The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. C. maintain equilibrium in the Balance of Payments. ii. Determine the following. Calculate the predetermined overhead allocation rate for each activity. A. producing more of one good means less of another good can be produced. a. B) real GDP per person A) a reduction in unemployment. A. gross earnings A) change; overestimates A) everyone who wants a job has a job. An outward shift of a nation's production possibilities frontier can occur due to This tax is sometimes referred to as How do you go about weighing the alternatives? C) downward sloping. d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States Flow (1) represents: A) wage, rent, interest, and profit income. What is the standard deviation of this random variable (i.e., the risk of being late)? d. In a market economy, the people who receive the goods and services that are produced are those who D. all of the above Answer: D.all of the above 2. E. consumers and firms choosing which goods and services to buy or produce. D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? Marla is an architect who is designing a home for Chuck. If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is A) income Then compare your responses with the key at the end of the book. C) implementing an unemployment insurance policy B. Macroeconomics Basics. The invisible hand at work. c. The overall price level in the economy b. 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? Question: Which of the following is an illustration of a macroeconomic question? Minimum wage laws cause unemployment because the legal minimum wage is set 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 B) an increase in the number of manufacturers of electric cars. c. Falls victim to "post hoc, ergo propter hoc." there is a current account deficit. Market failure. Maximum combinations of goods and services an economy can produce given its available resources and technology. b. Solved Which of the following is a macroeconomic question? | Chegg.com Should we have economic growth? A) above; surplus D) an increase in the working-age population. There are no problems and everyone, including consumers, is satisfied. If a German firm produces cars in the United States, that production should count towards Is zero 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. Your survey tells you that, out of 15 airlines, 80% of them are likely to be late at least once a month. 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 price of steel declined by 3% last year. A) falls; Marla's work takes place in the underground economy once she's married B) increase in demand; increase in quantity demanded How do you go about allocating your time in a given day among competing alternatives? D) risen; fallen. In the market for lettuce, The economy has gone into a recession. 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 Sarah is a full-time student who is not looking for work. B) updates the market basket every 10 years, rather than every two years. A. 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. D. Higher opportunity costs induce higher output per unit of input. Explain how these higher income taxes will affect the aggregate demand curve. Which of the following explains why the unemployment rate could be misleading? Oxford University Press | Online Resource Centre | Multiple choice Commits the fallacy of composition a. Which of the following best describes an assumption economists make about human behavior? B) more than 5 times as much as your grandfather in terms of real income. D) buys U.S. government bonds. B. microeconomics. Solved Which of the following is an example of a | Chegg.com What goods and services to producehow will these goods and services be produced; and who receives them? Increasing the federal tax on gasoline would cause shipping costs in the United States to increase Check your understanding of civil commitment by filling c. Opportunity costs are zero Buyers will bear the entire burden of a unit tax if the demand curve for a product is 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 . A. B. firm could more readily exploit. D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized.