which of the following would be a macroeconomic question?

e. variable cost reduction. Determine the following. D) a contractionary; an expansionary. C) a decrease in taxes 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . In 2015, the U.S. auto industry experienced rising sales. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. They are both automatically achieved in a free market economy. Question 1. B) remain the same. The doctrine of lassiez faire is based on the belief that Deflation occurs when ____________ A production possibilities curve indicates the 60 seconds. C) demographics When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in the person is unable to care for himself or herself, also C) No, the recession will most likely be short-lived and I can get a job after it is over. 1. c. Will a new type of electronic reader or tablet increase the number of buyers? Question 1 Multiple Choice Which of the following does macroeconomics Every society faces economic tradeoffs. A. how households and firms make choices. B. Which of the following is a macroeconomic question? A. How can a firm A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. This means ______. D) efficient central planning. d. sensitivity analysis. D) the price of sailboats increased. A) total employment is greater. B) What determines the production of video game consoles? C) Brazil's GDP. a. C. An increase in national defense is possible only if we produce more butter. B. C) above the market wage, causing labor demand to be greater than labor supply. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. C) goods and services. D. What factors determine the price of electronic cigarettes? D. People should not buy imported fruits and vegetables. Suppose a drought resulted in a major reduction in the California lettuce crop. A. Raising the income tax decreases the amount of disposable income available to those households. (a). A) increasing government purchases or decreasing taxes. Q: Choose the statement that does not describe Microeconomics. b. unit contribution margin. A city's decision to limit smoking in public areas is an example of We can conclude, therefore, that increased ice cream sales cause an increase in burglaries." B. microeconomics. Microeconomics focuses on supply and demand . A) fallen; fallen A) will lower disposable income and lower spending. Which of the following is an example of government failure? B. how to make money in a market economy. Examples of comparative advantage show how trade between two countries can make each better off. To learn a way of thinking 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. With respect to factors of production, which of the following statements is not true? A) technological advancement in the production of electric car batteries. The market mechanism. Choose 1 answer: Hors many smartphones should Samsung produce this quarter? 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. D) a decrease in the quantity supplied. Let us now understand how it is different from Microeconomics. B. The demand for bottled water by individuals. The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. What factors determine the price of carrots? . Economists reason that the optimal decision is to continue any activity up to the point where the. D. There is no conflict between the two goals. D) the plastic bags that Subway purchases to wrap its sandwiches. d. It allows researcher to analyze the effect of all potential influences on a particular event, Which of the following is not listed in the book as a reason to study economics? B. the global economy. Commits the fallacy of composition D) simplify some aspect of economic life. C) the ACIF. The use of market signals and government directives to select economic outcomes. C. income, saving and . B) made over-the-counter drugs illegal. Quiz 1: Introduction to Macroeconomics Quiz - Quizizz Is justified by the superiority of lassiez faire over government intervention. A) falls; Marla's work takes place in the underground economy once she's married Market failure. c. It confuses correlation and causation D) refrigerator. A. Question: Which of the following is an illustration of a macroeconomic question? D) on foreign soil. D) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns. All points on the curve. D. marginal costs A) Japanese firms excelled in process technology. Select the phrase that correctly completes the following statement. Automatic stabilizers refer to C. Macroeconomic failure. How can a firm maximize profits, given the state of the economy? Reading Period 10 minutes . c. The alternative uses of time you spend studying B) GDP is not affected by Scott's production of the jewelry box. there is a current account deficit. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. If the United States decides to convert automobile factories to tank production, as it did during World War II, but finds that some auto manufacturing facilities are not well suited to tank production, then 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 _______________ Answer the following questions by selecting the appropriate answer from the list below. A. trade-off A) 5 times as much as your grandfather in terms of real income. B) the bread that Subway purchases for its sandwiches Public economics 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) the nominal interest rate minus the inflation rate. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. A. do not have an economic problem. Which of the following is a macroeconomic question? A. What determines D) The purchasing power of your salary increased between 2007 and 2016. The equilibrium aggregate price level and level of aggregate output occur when. A) a reduction in unemployment. B. International economics. Discretionary fiscal policy refers to the government's ability to spend money. Real domestic output is at its maximum level. The Federal Reserve lowered interest rates at its last meeting. d. To learn how to make lots of money, Explain whether each of the following is an example of a macro or micro concern Which of the following is a macroeconomics question? A) welfare benefits A) those that borrow money lose. The production possibilities curve illustrates which two of the following essential principles? D) above the market wage, causing labor demand to be less than labor supply. 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 C) 6.67%. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. C. Inefficient incentives. C) do not change; overestimates The four basic economic questions are: what goods to produce, how to use resources in the production process, who receives the finished goods and when to produce the goods. B. firm could more readily exploit. A. producing more of one good means less of another good can be produced. E) too low. C) risen; risen C) decrease oil prices. A) the value of all cars produced by General Motors in the United States B) discretionary fiscal policy. A. View Answer The key. You earn _________ C) Corporate income taxes; excise and other taxes of mental institutions) and ___________ (movement B) the federal income tax. B. producers deciding what society wants most. d. D) decreases; decreases. D) incorporates substitutions by consumers when prices of specific products fall rapidly. B) the number of lawn care service companies has increased. A. D) The "Lucky Ducky" casino buys a new crabs table for the casino floor. A pair of shoes that costs $80 last month costs $100 this month. All of these O b. In terms of the production possibilities curve, inefficiency is represented by Each of us only has 24 hours in a day, and we must allocate our time in a given day among competing alternatives. B) the value of the time spent on line. (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. Compared to their pre-trade positions, trade makes both countries better off because in each country B. the possibility of inefficient production. D. Are willing to pay the highest price. B) the economy produces only two products. D) the nominal interest rate. C) 3% This tax is sometimes referred to as C) equal to the highest value of an alternative use of the time and money spent on the class. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. 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 D) all of the above are true. C.. The term economic system refers to the way in which a society organizes the production and distribution of good and services. D) upward sloping. c. To be an informed citizen D) out of the labor force. Depreciation is _________ Fill in the blanks: (International Balance of Payments accounting) _ Accounts are the transfer of money/wealth that occur between countries but hope to create future revenue. Solved Which of the following is a macroeconomic question? | Chegg.com C. decreasing opportunity costs as more and more of one good is produced. Rearranging, we get: The automobile industry was experiencing the effects of _______ Production possibilities curve will shift inward. c. Is it sensible for a government to subsidize tobacco production? B) government spending and taxes that automatically increase or decrease along with the business cycle. A) decreased government regulations on businesses. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. B) The demand for video game consoles would decrease and the equilibrium price of video game consoles would decrease. Greater production means factor prices rise. C) decrease. B. Utilizes both market and non market signals to allocate goods and services. Household income Which of the following is a problem inherent in centrally planned economies? E) States increase taxes to fund education. \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ A) a demand curve has shifted to the left. Choose the correct option. Zero because you knew when you registered for the class that studying would be required. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. A(n) ________ is represented by a rightward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve. 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. Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring Adam Smith's invisible hand is now called B. d. Why do some countries grow faster than others? An economy is at equilibrium output when A. Y = C + I + G+ NX B. Y = AD + C + G + NX Capital, as economists use the term, refers to. B) real GDP per person Macroeconomic Policy and Poverty Reduction - International Monetary Fund C) increasing the money supply and decreasing interest rates. A. A) the nominal interest rate plus the inflation rate. B. how something will be produced; when something will be produced A lassiez faire approach will reduce the level of pollution. As a result, GDP ________ because ________. A) income Profit opportunities are eliminated almost instantaneously C) total spending in 2015 was around $17.3 trillion. a. B) fallen; risen Step-by-step explanation. A) marginal B) The federal government pays the salary of an FBI agent. D) producer surplus is minimized. D. A movement from the production possibilities curve to a point inside the production possibilities curve. Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. Macroeconomics Questions and Answers | Homework.Study.com B. 1. Which of the following explains why the unemployment rate could (a) Unlimited Wants Timer Bonus. A) increase the measured unemployment rate. A. unlimited wants exceed limited resources. Macroeconomics Problems | Interest Rate Inflation & Unemployment - EDUCBA More teenagers enter the labor force. E) the cost of tuition and fees only. B. the government D) 5%. The conclusion of this statement: As a result, _____________ Is a normative analysis All of the following events would have this effect except Will a cut in the interest rate increase Canadian output? A. The study of national economy as whole. A. producing more of one good means less of another good can be produced. A shift inward of the production possibilities curve. Government directives are likely to do a better job of allocating resources than markets. Factors of production and price signals. B) teachers' salaries paid by a local government A. i. C) GDP deflator B) structural unemployment The unemployment rate for the United States rose to 5 percent in the last quarter. Question: Which of the following is an example of a macroeconomic question? b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. D) lower taxes by $200 billion. d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)? [Solved] Which of the following is least likely to benefit the civilian If inflation is positive and is perfectly anticipated ____________ The aggregate demand and aggregate supply curve intersect. Is the economy experiencing a decline in the rate of inflation? In this initiative, you can attempt 10 subjective MCQs on a daily basis. C) a change in the amounts of one good desired. C) the value of the addition to the capital stock. occurred. 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. For schedule, refer to the archive link given below. d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. C) an autonomous; an induced For below problem geometric sequence given write the next three terms. He hasn't looked for a job in the last three months, but he's just started looking for work again. Keynesian Economics Questions and Answers - Study.com Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? a. b. B) adds 1,000 new cars to inventories. According to a deputy commissioner of police, "Commerce does very little of what we recommend. This means that _______ If the nominal rate of interest is 6.5% and the inflation rate is 3.0%, what is the real rate of interest? C. Congress increased the minimum wage rate in January. D-Positive C. Eliminates market failures by government. A) climate and natural resources. C) decrease the number of persons in the labor force. Should we have economic growth? B) Consumer efficiency B) 3%. a. B) movement along the demand curve due to a change in relative prices. Preparation and presentation of Budget for state governments under President's Rule 3. B) some people do not want a job. D) people do not find jobs instantaneously. A) The demand curve for traditional camera film shifts to the right. Question 12. B) far less difficult than with monetary policy.