which of the following would be a macroeconomic question?

B. Question: Which of the following is an example of a macroeconomic question? If the BLS counted persons that are on active military service in the totals for employment, the labor force, or the working-age population, this would _______________ What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? ________ 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. D) below; shortage. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. A. C) above the market wage, causing labor demand to be greater than labor supply. C) during an expansion. B. B-Postive D) Producer surplus measures the total benefit received by producers from participating in a market. A) the value of worn-out equipment, machinery, and buildings. 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. All of these O b. These are: A. income, spending and saving. The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. a. the government A) Positive analysis uses an economic model to estimate the costs and benefits of different course of actions. The production possibilities curve illustrates which two of the following essential principles? D) buys U.S. government bonds. The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. C) looking for work is your only option. D) an increase in the labor force. An undesirable combination of goods and services. Prelims Marathon - Economic Survey - February 28th - 2023. The level of inflation in the economy. A) the free market. A) increasing government purchases or decreasing taxes. A) an increase in the number of people in the labor force A. 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. c. determine the objective. B) The tax cut would increase consumption spending more than would a permanent tax cut. A. A. producing more of one good means less of another good can be produced. The aggregate demand and aggregate supply curve intersect. In terms of the production possibilities curve, inefficiency is represented by d. All of the above B. d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States D) a demand curve has shifted to the right. A) Many full time workers really want to be part time workers. Investment, as defined by economists, would not include which of the following? B) unattainable A pair of shoes that costs $80 last month costs $100 this month. \hline\\ B) ice cream and hot fudge and substitutes. i. C. A surplus of . Mike has been unemployed for over a year. C) the demand curve shifted to the right resulting in an increase in the equilibrium price. A) Tuan purchases a cappuccino at the student union. Its objective is to understand which kind of forces drive it, and with the information collected try to project how performance can improve. B) discretionary fiscal policy. C. The market mechanism has failed to achieve social efficiency. All of the following events would have this effect except A) less difficult than with monetary policy. D) the reduction in economic surplus resulting from not being in competitive equilibrium. A) There will be an increase in unemployment. D) decreases; decreases. C. A centrally planned economy This change will______________ B) total income in 2015 was around $17.3 trillion. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. D) total welfare is greater. B. Bill Gates does not face scarcity because he is a billionaire Choose the correct option. The income effect of a price change results in a _________ ii. Is zero What is the standard deviation of this random variable (i.e., the risk of being late)? D) the price of sailboats increased. O a False O b. c. It considers part-timers as employed, and hence it is understated. Capital, as economists use the term, refers to. It is an example of the coincidental fallacy D) taxes. A. it allows countries to exploit their comparative advantage, more fully. 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). Determine whether the following question is related to microeconomics or macroeconomics: "Should I go to grad school or take a job?" What are some important facts regarding macroeconomics? a. Which of the following is a microeconomics question? D) GNP plus depreciation. D) ice cream is a normal good and hot fudge is an inferior good. It is the field of economics that studies the behavior of the entire economy. A)Government must maintain the current level of defense spending to keep the nation safe B)The minimum wage should be increased to give people a decent wage C)Americans should buy American products in order to boost the national economy A) the value of output in 2015 was around $17.3 trillion. meaning severe emotional or thought disturbances C. Technology is lost. The marginal propensity to consume (MPC . Which field of economics deals primarily with the problems faced by low-income countries? B. net benefit answer choices. In a market economy, those who are willing and able to buy what is produced. A) lower government purchases by an amount less than $200 billion. C) a change in the amounts of one good desired. The use of fixed costs to extract higher percentage changes in profits as sales activity changes involves. B) lower government purchases by $200 billion. B. how to make money in a market economy. Adam Smith's invisible hand is now called A) a law making it illegal to work more than 35 hours per week The police were surprised the bank did not take their advice. 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 B) discretionary fiscal policy; automatic stabilizers A) average price levels of goods and services in the economy. A) he lettuce that Subway purchases for its sandwiches Equity 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. C) frictional C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. that negatively affect an individuals health and safety, B) change; underestimates Scarcity refers to the situation in which. C. The money you spent on tuition for the class. D) A drug dealer reports herself as unemployed. B What is the optimal number of workers for an ice cream . A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. C) Every individual, no matter how rich or poor, is faced with making trade-offs. D. the choices people make to attain their goals, given their scarce resources. D. Who gets jobs; what wages do workers earn; and who owns what property? D) the working-age population increased. A) Yes, the recession will ensure that you will never find a job as a programmer. is a corporation unresponsive to the demands of its customers? a. Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ B) price charged for laptop computers by Dell. Economic development Rational cost 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? C) raise taxes by $200 billion. A. Minimum wage laws cause unemployment because the legal minimum wage is set C. unlimited resources exceed limited wants. A) U.S. GNP. C) incorporates substitutions by consumers when prices of specific products rise rapidly. B. C. The overall economy. B) Consumer efficiency D) risen; fallen. This problem has been solved! C) not change GDP. C) increasing the money supply and decreasing interest rates. D) about the same difficulty as with monetary policy. They are both automatically achieved in a free market economy. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. \end{array} Several conditions must be met before the state is permitted to commit a person involuntarily: The person has a(n)___________ and is in need of treatment, the person B) an expansionary; a contractionary _____a. C) the price of sailboats increased and the quantity of sailboats demanded decreased." Equity D. Increasing opportunity costs will occur with greater tank production. Have the most political power. A) Individual income taxes; corporate income taxes B) the value of all cars produced by Ford in Mexico A) 2% Expansionary fiscal policy involves D. The best alternative use of your time. A) marginal A point on a nation's production possibilities curve represents Based on this evidence, Tecumseh has experienced c. It eliminates the need for abstraction or simplification Commits the fallacy of composition b. Which of the following explains why the unemployment rate could be misleading? Which of the following is not one of the three core economic issues that must be resolved? D) What determines the salaries of college professors? Government intervention may achieve a more optimal outcome than the market mechanism when addressing B. C) discretionary monetary policy. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. D) an increase in the working-age population. Microeconomics is the study of B. D) no one in the economy loses. Allocative efficiency best explains ________, and productive efficiency best explains________. C) Brazil's GDP. B. Utilizes both market and non market signals to allocate goods and services. B. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. A. You earn _________ Use the supply schedule below to answer the following question: Price $10 $20 Quantity Supplied 100 This problem has been solved! C. Can a tax cut lead to a government budget surplus? D. All of the choices are correct. D) will raise disposable income and raise spending. The economy experiences government failure. b. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. B) There will be an increase in the quantity of labor demanded by firms. C) legalized prostitution. Sarah is a full-time student who is not looking for work. A. central bank prints more money B. increase in household savings C. decrease in borrowing by private firms D. foreign financial investors Explain the pitfall of this statement. A lassiez faire approach will reduce the level of pollution. B) The purchasing power of your salary fell between 2007 and 2016. a. B. the government B) fallen; risen A) take away from GDP. c. degree of operating leverage. C) U.S. GDP. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. C) will lower disposable income and raise spending. C) total spending in 2015 was around $17.3 trillion. The demand for bottled water by individuals. B. Report an issue. Which of the following is an example of a "how much" decision? D) The demand curve will shift to the left. 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. 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. Microeconomics is concerned with issues such as B. Which of the following statements uses the concept of equity to argue against the legalization of casino gambling? B) GDP minus depreciation. Individual consumers. The unemployment rate for the United States rose to 5 percent in the last quarter. Is way of analyzing decision-making processes caused by scarcity D) a contractionary; an expansionary. International economics. A. C) No, the recession will most likely be short-lived and I can get a job after it is over. What were the macroeconomic principles or models that influenced your decision making?] c. functional costs. D. (Round percentages to one decimal place.). As a result, _____________ D) taxes; expenditures, Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that occur passively over the business cycle are called ________ B. spending, production and saving. C) wages paid to employees by Dell. C) those that hold paper money lose. Why is the economy of India growing? The conclusion of this statement: Economics promotes which of the following as the way to make the best decision? 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 ________ C) after regular office hours. Which one of the following is the objective of fiscal policy? You know that average prices have risen steadily since 1961. 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. C) a change in consumer income. B) Delta buys a new European-made jetliner. C. decreasing opportunity costs as more and more of one good is produced. 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? Is the economy experiencing a decline in the rate of inflation? D. There is no conflict between the two goals. C) Consumer surplus measures the net benefit from participating in a market. B. a nation's poverty level increases faster than its population. Markets are likely to do a better job of allocating resources than government directives. A. negative because it may improve your grade. Which of the following is a macroeconomics question? A) ice cream and hot fudge are complements. B) some people do not want a job. C) equal to the highest value of an alternative use of the time and money spent on the class. B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale. D) there is a decrease in the expected rate of inflation. A. This means ______. Which of the following is a macroeconomic question? E. consumers and firms choosing which goods and services to buy or produce. A. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. When the laws about civil commitment emerged, Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. iii. B) higher; lower D) the payroll tax. Key Takeaways. Should Congress and the president take action to reduce global warming? Macroeconomics (ECON 202) Assignment-No.3 Short answer questions Answer the following with the use of the relevant equations which must be shown. A. A) shift of the demand curve when income changes. Microeconomics questions and answers Refer to the following graphs to answer the question below. d. sensitivity analysis. The three fundamental questions that any economy must address are A) a decrease in the money supply and an increase in the interest rate C) an increase in taxes A) stayed roughly the same. a. C) Japanese firms benefited from external economies. a. How were consumption and investment affected . D) increase all of the monetary flows. D. Competition, Consider the following economic agents: B) The quantity of traditional camera film demanded decreases. Every society faces economic tradeoffs. ________ and ________ are the largest sources of revenue collected by the federal government According to a deputy commissioner of police, "Commerce does very little of what we recommend. Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years? B) increase; less The income you could have earned d. Is justified by the superiority of lassiez faire over government intervention. a. A) automatic stabilizers. Question 1: Multiple Choice Which of the following does macroeconomics endeavor to answer? C) risen; risen B) What determines the production of video game consoles? A) decreased government regulations on businesses. D. People should not buy imported fruits and vegetables. D) Japan has abundant supplies of natural resources needed to produce automobiles. C) complete Determine the following steps in preparing a work sheet in their proper order by writing numbers 1-5 in the blank spaces provided. B. Q. E-Normative, One of the scarce resources that constrain our behavior is time. A) some cyclical unemployment always exists. c. Industrial organization The market mechanism. A) will lower disposable income and lower spending. If a German firm produces cars in the United States, that production should count towards B) an increase in supply. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. 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. C. The process by which the production possibilities curve shifts inward. 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. A) allocative efficiency the person is unable to care for himself or herself, also To learn a way of thinking You'll get a detailed solution from a subject matter expert that helps you learn core concepts. there is a current account surplus. B. decisions; household If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would ________ C) oil prices. A. unlimited wants exceed limited resources. D) The federal government cuts taxes to stimulate the economy. d. It is an example of the fallacy of composition, The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called: . D) gross national product of Canada and the gross national product of the United States. B) productive efficiency A) The demand curve for traditional camera film shifts to the right. 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 ________. Bureaucratic delays is considered___________ to herself or others, and c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises The following macroeconomic projected return models =. B. C) builds another assembly plant in the United States. B. the global economy. B) an increase in the unemployment rate Explore the definition and types of economics including microeconomics and macroeconomics and. Which of the following is not a basic decision that all nations must confront? C) ensure safe imports. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. What factors determine the price of carrots? C) the ACIF. D) the unemployment rate consists of only frictional and structural unemployment. C) wages are higher. 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. C) decrease the number of persons in the labor force. C) consumer surplus is minimized Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)? C. the economy as a whole. d. identify possible solutions. Question 12. A. Buyers will bear the entire burden of a unit tax if the demand curve for a product is c. Is it sensible for a government to subsidize tobacco production? To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (1). Marco's consumer surplus from the purchase is You are investigating the punctuality of the airlines in Asia. B) greater on the seller when the tax is collected from the seller. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. D. What factors determine the price of electronic cigarettes? Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. B) structural unemployment occurred. Which of the following causes the unemployment rate to understate the true extent of joblessness? B) decrease government spending. Economic growth. Maximum combinations of goods and services an economy can produce given its available resources and technology. A) Micah purchases a new wrench for his auto repair business. B) increase in demand; increase in quantity demanded Maximum combinations of goods and services an economy can produce given its available resources and technology. B) the number of lawn care service companies has increased. b. D. Scarcity. C) the value of all cars produced by Toyota in the United States ___________ (movement of disabled individuals out More teenagers enter the labor force. D) the legally determined maximum price that sellers may charge for a given quantity of a product. How consumers make purchasing decisions c. Inflation, unemployment, and economic growth d. Final decision making A There is full employment. A. Step-by-step explanation. E. it is easier to book holidays in member countries. c. Is one-half cost of the game, as this is the second time you have played it C) disposable personal income plus depreciation plus personal taxes. The equilibrium wage in a local labor market is $10 per hour. D) $200. B. microeconomics. B) in non-licensed shops and warehouses. b. C) any level of the two products that the economy produces is currently possible. By how much and in what direction does GDP change as a result of his efforts? Should you go back to school and get a second major? D) movement along the demand curve due to a change in purchasing power brought about by the price change. C) opportunity A) above; surplus A. The advice to "keep searching, there are plenty of jobs around here for which you are qualified," would be most appropriate for which of the following types of unemployment? A) decrease the measured unemployment rate. Timer Bonus. D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force. Is the cerebellum responsible for facilitating declarative memories of emotionally stressful events? b. consumers D) What determines the level of U.S. imports and exports? An oligopolistic industry consists of only two firms, Angel& A) employed C. There is often a tradeoff between the two. Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. Fill in the columns for the GDP deflator and for the percent . What determines the salaries of Wall Street executives? D. A rightward shift of the curve. If your nominal wage rises faster than the price level, we can say your real wage has ________ and the purchasing power of your income has ________

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