which of the following would be a macroeconomic question?

As more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls B) Persons who collect unemployment benefits report themselves to be searching for a job. B. not everyone can have enough goods to survive. Where in Oceania are outrigger canoes used? Explain the pitfall of this statement. D) when real GDP is below but close to potential GDP. C) 1.5% To Liza, B) the firm has an incentive to decrease supply now and increase supply in the future. ________ and ________ are the largest sources of revenue collected by the federal government A) greater on the buyer when the tax is collected from the buyer. C. how to make money in the stock market. B) an expansionary; a contractionary B) the federal income tax. (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. 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 c. Falls victim to "post hoc, ergo propter hoc." A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. B. Is justified by the superiority of lassiez faire over government intervention. It considers discouraged workers, and hence it is overstated. B) the number of lawn care service companies has increased. D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? According to a deputy commissioner of police, "Commerce does very little of what we recommend. A) increase in demand; decrease in demand d. Public economics. A) 2% The tuition you pay Ch. 1 Microeconomics Homework Flashcards | Quizlet E) the cost of tuition and fees only. B) European countries offer higher unemployment benefits than the United States. D) people do not find jobs instantaneously. D) A drug dealer reports herself as unemployed. D. the choices people make to attain their goals, given their scarce resources. B. B. how something will be produced; when something will be produced Explore the definition and types of economics including microeconomics and macroeconomics and. A) less difficult than with monetary policy. B) The tax cut would increase consumption spending more than would a permanent tax cut. TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu A) below the market wage, causing labor demand to be greater than labor supply. B. The minimum wage law causes unemployment. A) higher; higher C) a decrease in the price of lithium, which is used in the electric car batteries. = 8.8 - 1.2 F,, + 1.6 FGpp + 6 E (RSP500. Macroeconomics Flashcards | Quizlet Economic development Which of the following is the best example of land? Deflation occurs when ____________ A. If a German firm produces cars in the United States, that production should count towards The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . They always call for opposite outcomes. D) Excise and other taxes; individual income taxes. C. Levels of production that will cause both unemployment and inflation. However, with increased productivity, the economy has more available resources which can be used for non-necessary goods, such as leisure and education. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . Let us now understand how it is different from Microeconomics. 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. If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would ________ A. 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 . The ability to exercise control over one's own resources within the confines of the law refers to Zero because you knew when you registered for the class that studying would be required. 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. C) automatic stabilizers; monetary policy C) clothing 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) the loss of economic surplus when the marginal benefit equals the marginal cost of the last unit produced. Cadre Management for Indian Economic Services You . (b) the level of aggregate demand determines production, employment,. PDF AP Macroeconomics 2018 Free-Response Questions - College Board The real rate of interest is ______________ C) consumer surplus is minimized C) builds another assembly plant in the United States. A) inflation. Macroeconomics Multiple Choice Questions 1. The phrase "demand has increased" means that ___________ 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. An outward shift of a nation's production possibilities frontier can occur due to D) on foreign soil. The size of the underground economy would tend to increase if the government of a country ________________ Is a normative analysis D) Your father buys a new John Deere riding lawn mower. b. What goods and services to produce; how will these goods and services be produced; and who receives them? Households and firms; the economy as a whole, T/F Resources are limited in both wealthy and poor societies, All of the following are criteria frequently applied in judging economic outcomes except, Economics is best defined as the study of, The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the __________ is a horizontal line and the __________ is a vertical line. A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. B What is the optimal number of workers for an ice cream . The number of work visas should not be limited by the government. Option a: This option is incorrect because unit of measure is a function of money as money can be used to measure the value of goods and services. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. Concept why study macroeconomics 16 which statement B) price charged for laptop computers by Dell. Start. B. C) disposable personal income plus depreciation plus personal taxes. B) an increase in the unemployment rate A) the money supply and a decrease in interest rates. Which of the following accurately compares discretionary fiscal D. Higher opportunity costs induce higher output per unit of input. View Answer The key. C) equal to the highest value of an alternative use of the time and money spent on the class. Macroeconomics is focused on the movement and trends in the economy as a whole. Cutting taxes _______ E. pure profit. Which of the following is a macroeconomics question? The following macroeconomic projected return models =. (C) how individual markets work. A) taxes; interest rates Administrativeexpenses. Totaloperatingexpenses Incomefromoperations. Otherincome.. Incomebeforeincometax.. Incometaxexpense.. Netincome. David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Intro to Microeconomics (First Exam) (Chapter, Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. B. occurred. D. a country's population is larger than its resource base. Th View the full answer Bill Gates does not face scarcity because he is a billionaire Is not a very efficient means of communicating consumer demand to the producers of goods and services. P = $80 In perfect competition, P = AR = B) Laurence rents a car to drive to a wedding in San Diego. A) Governments interfere with the market mechanism to influence the allocation of goods and services. C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. C. Greater production of one good requires increasingly larger sacrifices of other goods. Chuck is paying Marla $150 per hour to design his new home. Stability c. Efficiency d. Growth A Economics is best defined as the study of a. C. Lassiez faire price policies. B) there has been an upward movement along a demand curve. Math is a way of solving problems by using numbers and equations. A) The federal government passes tax cuts to encourage firms to reduce air pollution. B) the value of the time spent on line. B) remain the same. Compared to their pre-trade positions, trade makes both countries better off because in each country A) The supply curve will shift to the left. a. B) some people do not want a job. 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. Refer to the above diagram. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as The term "market" in economics refers to ______________. If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is Buyers will bear the entire burden of a unit tax if the demand curve for a product is D) incorporates substitutions by consumers when prices of specific products fall rapidly. A: Economics is the study of production, distribution, and consumption when the resources are scarce in. C) lower; higher Based on this evidence, Tecumseh has experienced A) increase. D) GDP falls by $1,875. a. A. B. B) Why hasn't the federal government raised the minimum wage? ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape 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) having an absolute advantage. Advertisement Advertisement 1. Which of the following explains why the unemployment rate could Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? b. in the blanks. D) will raise disposable income and raise spending. C) a change in consumer income. 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 ________ B) discouraged workers D) the price of sailboats increased. Answered: Which of the following questions are | bartleby How do you go about allocating your time in a given day among competing alternatives? Real domestic output is at its maximum level. Capital, as economists use the term, refers to. C) opportunity A) the Income Security Tax. A) some cyclical unemployment always exists. The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2013 and 2014. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? D) They are included only if they are imported, Which of the following are not considered part of government purchases? How were consumption and investment affected . ECO111 Quizz 01 FALL 2021. D. The government is allocating resources inefficiently. B. Household income C) Toby buys a new lawn mower to use in his lawn care business. Should you go back to school and get a second major? What is the current national rate of unemployment? B. (c). A pair of shoes that costs $80 last month costs $100 this month. C) Every individual, no matter how rich or poor, is faced with making trade-offs. C) the sum of frictional unemployment and structural unemployment equals zero. A family's decision about how much income to save. Which of the following best defines economics? C) The market system allocates goods and services to those who are able to pay for those products and therefore income is a limiting factor. D) an increase in consumers' taste for coffee. b. Macroeconomics This tax is sometimes referred to as Markets are likely to do a better job of allocating resources than government directives. D. Jenny's wage rate rose, and in response, she decided to work more hours. C) decrease the number of persons in the labor force. 1. c. Walmart announced that it will increase its starting wage for employees to $10/hour by Feb 2016 \end{array} \hline Explain. D) seasonal unemployment, Structural unemployment is the result of ____________ C) gross domestic product of the United States. A) Starbucks purchases coffee beans. D) changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives. Basic questions of economics - Economics Help