which of the following would be a macroeconomic question?

D) real GDP in 2016 was greater than real GDP in the base year. 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,. D. There is no conflict between the two goals. C. Decreasing opportunity costs will occur with greater automobile production. c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises A. If a German firm produces cars in the United States, that production should count towards (a). 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) U.S. GNP. C. economies of scal. C) demographics C) The demand curve will shift to the right. D) Your father buys a new John Deere riding lawn mower. Each point on a demand curve shows C. Inefficient incentives. C) interest rates; money supply Step-by-step explanation. Profitability b. D) an increase in the working-age population. Macroeconomics EC112 Flashcards | Quizlet C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. A) climate and natural resources. C) a full-time employee at a pizza parlor who makes more than the minimum wage The price of steel declined by 3% last year. Solve homework. Choose the correct option. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as Suppose a drought resulted in a major reduction in the California lettuce crop. D) incorporates substitutions by consumers when prices of specific products fall rapidly. A) increase. 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 ________ Prelims Marathon - Economic Survey - March 1st - 2023. A) taxes; interest rates C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. D) Excise and other taxes; individual income taxes. C) investment; consumption When graphing two variables, the point at which the graph intersects the horizontal axis is called the, T/F Opportunity costs are another name for marginal costs. Rearranging, we get: A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. A. B) relative abundance of labor and capital. A) labor, capital, land and natural resources are fixed in quantity. Getting the timing right with fiscal policy is generally _______________ 2. Total the statement columns, compute net income (loss), and complete work sheet. A. producing more of one good means less of another good can be produced. Calculate the predetermined overhead allocation rate for each activity. 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? MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . A) everyone who wants a job has a job. Public economics A: Globalization Globalization can be depicted as an interaction by which individuals of the world are Q: A firm in a perfectly competitive market faces a market price of $80, and has a total cost function: A: Introduction We have given a perfectly competitive market. D. Average combinations of goods and services an economy can produce given its available resources and technology. B) The federal government pays the salary of an FBI agent. D. A rightward shift of the curve. . b. (a) Unlimited Wants C) decrease. Which of the following is not a durable good? A) higher; higher C) falls; Marla's architectural design services are no longer bought by Chuck once they're married C) ice cream and hot fudge are normal goods. MULTIPLE CHOICE QUESTIONS TESTBANK - CHAPTER 3. A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. A) during a deep recession. B) consumption; investment ii. A) automatic stabilizers; discretionary fiscal policy C. The process by which the production possibilities curve shifts inward. For schedule, refer to the archive link given below. 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. C) What factors determine the price of Oreo cookies? If inflation is positive and is perfectly anticipated ____________ D) Producer surplus measures the total benefit received by producers from participating in a market. D) risen; fallen. Answer: (D) The economy as a whole. 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 Opportunity cost Answer the following questions by selecting the appropriate answer from the list below. Which of the following is a macroeconomics question? 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. D) GNP plus depreciation. Full employment is not considered to be zero unemployment, because D) the payroll tax. B) unemployed -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? Q. The term economic system refers to the way in which a society organizes the production and distribution of good and services. . B) a job retraining program The equilibrium aggregate price level and level of aggregate output occur when. C) entrepreneurship. A pair of shoes that costs $80 last month costs $100 this month. D. People should not buy imported fruits and vegetables. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. A) total employment is greater. Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy? International economics. C) The quantity of inkjet printers demanded increases. 1. Which one of the following is the objective of fiscal policy? Basic questions of economics - Economics Help 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . C) $140. E. consumers and producers. B) government purchases. B) Canada's GDP. A) welfare benefits The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. A) those that borrow money lose. These firms are reacting to which of the three key economic ideas? 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 . B. the possibility of inefficient production. The output of U.S. citizens who work in Canada would be included in the _____________ B) protect the environment. Which of the following would increase the unemployment rate? 3. In the following macroeconomic system, find the parametric A) Yes, the recession will ensure that you will never find a job as a programmer. Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ 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. Which of the following best defines economics? C. Maintaining a strong level of economic growth. The Government will decrease spending by $20 million and increase taxes by $15 million. It considers discouraged workers, and hence it is overstated. Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? Solved Which of the following is a macroeconomics question - Chegg a. Where in Oceania are outrigger canoes used? A) an increase in the number of people in the labor force C. Congress increased the minimum wage rate in January. The best alt. C) opportunity C. Levels of production that will cause both unemployment and inflation. Cadre Management for Indian Economic Services Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. B. See Answer. C) there has been a downward movement along a demand curve. Exercise 01 - bi tp eco - Question 1 (3 points): Given the following A) 2% D) increase in quantity demanded; increase in demand. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. Which of the following transactions represents the purchase of a final good? Productive efficiency You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. C) decreases; increases Microeconomics is the study of D) an increase in consumers' taste for coffee. Solve the Following Short-Essay Questions: Define demand. Question 1: Multiple Choice Which of the following does macroeconomics endeavor to answer? C. All points inside the curve. there is a capital account surplus. C. Optimal marginalism What factors determine the price of carrots? Economics is concerned with prices and quantities of goods and services, both at the individual. C) a discouraged worker B. Undiscovered natural resources. The size of the underground economy would tend to increase if the government of a country ________________ D) decreases; decreases. a. D) The federal government cuts taxes to stimulate the economy. A) increase in demand; decrease in demand B. spending, production and saving. C) shift of the demand curve due to a change in purchasing power brought about by the price change. A) marginal [Solved] Which of the following is least likely to benefit the civilian A) there is a sustained increase in the price level. When Chuck and Marla get married, Marla continues to work on designing the home, but she no longer charges Chuck for her work. A) When will the government better secure the borders? Macroeconomics (ECON 202) Assignment-No.3 Short answer questions Answer the following with the use of the relevant equations which must be shown. B) Laurence rents a car to drive to a wedding in San Diego. Classify the following topics as relating to microeconomics or macroeconomics. C) wages paid to employees by Dell. B. Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. C. the highest valued alternative that must be given up to engage in an activity. D. Production of nonmilitary goods will decrease. b. B. C. A centrally planned economy The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. B. decisions; household Writing Period 50 minutes . The "guns versus butter" dilemma that all nations confront is that C. Opportunity cost. On which base structure of economic problems has been installed? MACROECON CH 1 Flashcards | Quizlet A) a retired railroad engineer who receives a fixed income payment every month a. C) not change GDP. As a result, _____________ B) $60. E. pure profit. 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 ________. Producers are using inventory faster than it can be replaced. Profit opportunities are eliminated almost instantaneously b. select the best possible solution. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. C) lower; higher By how much and in what direction does GDP change as a result of his efforts? E. it is easier to book holidays in member countries. Based on this evidence, Tecumseh has experienced You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. C. The money you spent on tuition for the class. Why is the economy of India growing? b. C) decrease oil prices. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). B. c. The overall price level in the economy If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible. \text{Grooming}&\text{\underline{\hspace{15pt}80,000}}\hspace{10pt}&\text{Grooming direct labor hours}&\text{\hspace{10pt}4,000}\\ Scarce resources and opportunity cost. A) stayed roughly the same. An increase in national defense implies more sacrifices of civilian goods and services. Then compare your responses with the key at the end of the book. Given the following data, what is money creating potential in this Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? 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). B. producers deciding what society wants most. D) ceteris paribus. B. D) No, the recession will have no impact on my ability to get a job or my future income. C) the price of sailboats increased and the quantity of sailboats demanded decreased." B) Delta buys a new European-made jetliner. B. As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises The invisible hand at work. C) consumer surplus is minimized How has the discovery of oil in the Niger delta affected Nigeria's environment? B. The automobile industry was experiencing the effects of _______ B) There will be an increase in the quantity of labor demanded by firms. C) The quantity of traditional camera film demanded increases. Bureaucratic delays A) decrease the required reserve ratio. D) legalized marijuana. D) decrease; less. e. variable cost reduction. a. Microeconomics C) Corporate income taxes; excise and other taxes D) an increase in the labor force. D) a slowdown in the economy. A) the firm has an incentive to increase supply now and decrease supply in the future. C. An increase in national defense is possible only if we produce more butter. Voluntary exchange Difference Between Microeconomics & Macroeconomics - BYJUS D) a bridge purchased by the state government. A) the value of all cars produced by General Motors in the United States C) risen; risen A) The supply curve will shift to the left. 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. 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 Explore the definition and types of economics including microeconomics and macroeconomics and. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. B) greater on the seller when the tax is collected from the seller. \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ Microeconomics vs. Macroeconomics: A Simple Guide - Investopedia a. C) The federal government pays out an unemployment insurance claim. A) decreased government regulations on businesses. A. Markets are likely to do a better job of allocating resources than government directives. Answering these four questions is essential for an economy to function properly. B) there is a one-time increase in the price level. D) equal 20%. True 3Government fixes the floor and ceiling . A) updates the market basket every two years, rather than every 10 years. &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ They've told our detectives they have no interest in ever putting in the barriers.". All of the following events would have this effect except Choices made by people faced with scarcity b. Prelims Marathon - Economic Survey - February 28th - 2023. B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. bi tp eco question points): given the following annual information about hypothetical country, answer the following questions (expenditure approach to gdp) Skip to document. C) gross domestic product of the United States. A) ice cream and hot fudge are complements. Which of the following is an example of spending on factors of production in the circular flow model? B. Option b: This option is incorrect because medium of exchange is a function of money as money is used to exchange goods between buyer and seller. A) $5. C. how to make money in the stock market. B. B) fallen; risen B) taxes; the money supply Which of the following is the best example of land? MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books A: Economics is the study of production, distribution, and consumption when the resources are scarce in. The aggregate demand and aggregate supply curve intersect. C) those that hold paper money lose. D. all of the above Answer: D.all of the above 2. B. D) do not change; underestimates. What determines the growth rate of gross domestic product? Which of the following explains why many European countries have unemployment rates that are higher than in the United States? The opportunity cost of taking an on-line history class is B. 1) Economic models do all of the following except A) answer economic questions. Which of the following is an example of government failure? D) allocatively efficient. Government agencies. C) automatic stabilizers; monetary policy C) by the same amount as B) far less difficult than with monetary policy. Start. Is zero Compose a sentence using the following word. the same weight of goods has been imported as were exported. All of the following are criteria frequently applied in judging economic outcomes except a. Which of the following individuals would be most negatively affected by anticipated inflation? The result is a shift in the aggregate demand curve to the left. Increasing the federal tax on gasoline would cause shipping costs in the United States to increase C) an increase in the quantity supplied. Adam Smith's invisible hand is now called A) decrease the measured unemployment rate. A) frictional unemployment A) higher; higher D) a demand curve has shifted to the right. This change will______________ A. do not have an economic problem. c. The price of gasoline c. Marginal cost D) the reduction in economic surplus resulting from not being in competitive equilibrium. a. there is a current account deficit. The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill A. A) create jobs. Should Congress and the president take action to reduce global warming? C. Market mechanisms and lassiez faire. What factor was most responsible for the development of Japan's comparative advantage in automobiles? Combinations of goods and services an economy is actually producing. D) depreciation. Prelims Marathon - Economic Survey - February 28th - 2023 CONCEPT Equilibrium The government will probably implement expansionary macroeconomic policies. The following macroeconomic projected return models E. consumers and firms choosing which goods and services to buy or produce. B) the firm has an incentive to decrease supply now and increase supply in the future. A) a reduction in unemployment. Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. Which of the following can be used to correct market failure? A) the money supply and a decrease in interest rates. ________ 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. A) inflation. PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. C. What will be the prices of goods and services; how will these goods and services beproduced; and who will receive them? B) The quantity of traditional camera film demanded decreases. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. A) the value of output in 2015 was around $17.3 trillion. B) updates the market basket every 10 years, rather than every two years. If the nominal rate of interest is 6.5% and the inflation rate is 3.0%, what is the real rate of interest? 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 C) No, the recession will most likely be short-lived and I can get a job after it is over. To reduce the bias in the consumer price index, the Bureau of Labor Statistics D) discretionary fiscal policy; conscious fiscal policy. Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance? 300+ TOP Macroeconomics MCQs and Answers Quiz Exam It converts normative analysis into positive A. it allows countries to exploit their comparative advantage, more fully. B) more than 5 times as much as your grandfather in terms of real income. C) U.S. GDP. Real domestic output is at its maximum level. B) the labor force participation rate decreased. 3. The following questions relate to long-run macroeconomic A) What determines the minimum wage? A. income; available D. the choices people make to attain their goals, given their scarce resources. Every society faces economic tradeoffs. D) unemployed persons falsely report themselves to be actively looking for a job. C) increasing the money supply and decreasing interest rates. Economists reason that the optimal decision is to continue any activity up to the point where the. C. normative economics. a) A French resident buys a Volkswagen car produced in Wolfsburg, Germany. 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. C) 6.67%. Key Takeaways. c. Falls victim to "post hoc, ergo propter hoc." C) decrease the number of persons in the labor force. C. Market success. B) a union contractor whose pay is adjusted based on changes in the CPI D) zero because there is no classroom time involved if you are enrolled in the course. The production possibilities curve between tanks and automobiles will shift outward. D) having an absolute advantage. A) The federal government passes tax cuts to encourage firms to reduce air pollution. They are both automatically achieved in a free market economy. 1. B) made over-the-counter drugs illegal. A) attainable B. the global economy. Question 1 Multiple Choice Which of the following does macroeconomics C) a decrease in the unemployment rate Que11. B) the number of lawn care service companies has increased. B) an increase in the unemployment rate 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. Economics involves allocating resources to meet peoples' needs and desires for goods and services. A) increases; increases B. not everyone can have enough goods to survive. 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. According to the text, economists consider full employment to occur when a. occurred. A) Tuan purchases a cappuccino at the student union. D) gross national product of Canada and the gross national product of the United States. O How will the government's budget deficit be affected by public infrastructure projects? [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. D) consumer price index. A) the free market. Macroeconomics Basics. B) high unemployment rates do not usually last for very long. D. the choices people make to attain their goals, given their scarce resources. C. the economy as a whole. B) discretionary fiscal policy; automatic stabilizers C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape What determines the growth rate of gross domestic product? The ability to exercise control over one's own resources within the confines of the law refers to D) less than 5 times as much as your grandfather in terms of nominal income. c. To be an informed citizen If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is The police were surprised the bank did not take their advice. Market failure. ________ and ________ are the largest sources of revenue collected by the federal government A black market is a market where buying and selling take place B. Which of the following is a macroeconomics question? 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 Step-by-step explanation. A) below the market wage, causing labor demand to be greater than labor supply. d. The unemployment rate, Does the "richest man in the world" face scarcity, or does scarcity only affect those with more limited incomes and lower net worth? D) the working-age population increased. Which of the following statements uses the concept of equity to argue against the legalization of casino gambling? Economics teaches how to limit our wants. Deadweight loss refers to Factors of production and price signals. b. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. C) a 12-inch Subway sandwich purchased by a student Nonetheless, you continue along your career path looking for a new job because _____________ Production possibilities curve will shift inward. i. D) 3.5% Chapter 6, P R O B L E M S E T 3 . c. It confuses correlation and causation E) States increase taxes to fund education. B) increasing taxes or decreasing government purchases. D) movement along the demand curve due to a change in purchasing power brought about by the price change. C) an autonomous; an induced

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