which of the following would be a macroeconomic question?

D. a country's population is larger than its resource base. a. C. society's output cannot be made available to all. This situation will most likely coincide with high unemployment. If inflation is positive and is perfectly anticipated ____________ Given this information, we know for certain that ________ b. D) Lily purchases a new massage table for use in her therapy center. Which of the following is a positive economic statement? The market mechanism B. still have an economic problem. A) decreased government regulations on businesses. B) The Federal Reserve cuts interest rates to stimulate the economy. Which of the following is a microeconomics question? D) total welfare is greater. A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. C) below; surplus Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? C) wages are higher. Macroeconomics | Economics Quiz - Quizizz C) a discouraged worker A) The federal government buys a Humvee. B) a job retraining program of mental institutions) and ___________ (movement A) an increase in the money supply and a decrease in interest rates a. There is full employment. C. A surplus of . B) protect the environment. The automobile industry was experiencing the effects of _______ C. do have an economic problem but are solving it. B) ice cream and hot fudge and substitutes. B) the search process of matching workers with jobs. The output of U.S. citizens who work in Canada would be included in the _____________ B) -3.5% An increase in ____________ Every society faces economic tradeoffs. Is a normative analysis 3. The following questions relate to long-run macroeconomic D) increase all of the monetary flows. Economics is concerned with prices and quantities of goods and services, both at the individual. a. Ockham's razor 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. Macroeconomics focuses on the performance of Poorly timed discretionary policy can do more harm than good. C) entrepreneurship. Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring A) the firm has an incentive to increase supply now and decrease supply in the future. The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would ________ Multiple Choice Quiz - Oxford University Press D) about the same difficulty as with monetary policy. Getting the timing right with fiscal policy is generally _______________ C) A state government cuts taxes to help the economy of the state. A) above; surplus B) Consumer efficiency there is a current account deficit. d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. ; D. what will be produced; how something will be produced. C) GDP is adjusted for changes in crime rates. D) an increase in the price of gasoline. B) movement along the demand curve due to a change in relative prices. An increase in national defense implies more sacrifices of civilian goods and services. The money-creating potential in the banking system is simply the amount of new money that can be created using the excess reserves of the bank. Advertisement Advertisement A. D. all of the above Answer: D.all of the above 2. A production possibilities curve indicates the A) less difficult than with monetary policy. 1. Which of the following explains why the unemployment rate could Voluntary exchange Which of the following is a macroeconomics question? Economic growth. D. The full employment of resources to achieve a particular combination of goods and services. B. C. The allocation of resources by market forces. Suppose a drought resulted in a major reduction in the California lettuce crop. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. a. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. The opportunity cost of studying for an economics test is A. supply and demand. According to a deputy commissioner of police, "Commerce does very little of what we recommend. D) the Western Trade Union. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. D) below; shortage. Which of the following is a macroeconomic question? A. How can a firm D. the choices people make to attain their goals, given their scarce resources. D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ a. B. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. When the laws about civil commitment emerged, C) increased income tax rates. D) Your father buys a new John Deere riding lawn mower. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. C) there is a decline in the price level. B) remain the same. A. C. Levels of production that will cause both unemployment and inflation. Question: Which of the following is an illustration of a macroeconomic question? Producers are using inventory faster than it can be replaced. c. Bill Gates faces scarcity because resources are limited C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. Household income A. C) looking for work is your only option. Sarah is a full-time student who is not looking for work. Capital, as economists use the term, refers to. Macroeconomics is focused on the movement and trends in the economy as a whole. To reduce the bias in the consumer price index, the Bureau of Labor Statistics Macroeconomic Policy and Poverty Reduction - International Monetary Fund 3. In the following macroeconomic system, find the parametric A) decrease the required reserve ratio. ________ and ________ are the largest sources of revenue collected by the federal government C. Market success. If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? Real domestic output is at its maximum level. BOOK Market Leader intermediate 3rd edition. A. B. how something will be produced; when something will be produced All of the following events would have this effect except However, with increased productivity, the economy has more available resources which can be used for non-necessary goods, such as leisure and education. C) 6.67%. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? Basic questions of economics - Economics Help If a minimum wage of $15 per hour is imposed, which of the following will occur? A) an increase in demand. C. Theme park construction. D) efficient central planning. It is an example of the coincidental fallacy D. Markets result in an unfair distribution of income. B. spending, production and saving. According to the text, economists consider full employment to occur when B) the firm has an incentive to decrease supply now and increase supply in the future. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married B) The demand curve for inkjet printers shifts to the left. A. negative because it may improve your grade. c. Is it sensible for a government to subsidize tobacco production? (b). B) the price level in 2016 was less than the price level in the base year. C. Eliminates market failures by government. 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). The study of regional economy as whole. ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape B) high unemployment rates do not usually last for very long. Which of the following is a microeconomics question? B) discretionary fiscal policy. B. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. 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. What kind of unemployment is Sarah experiencing? A) increase in demand; decrease in demand A. A. achieve full employment. B. C. Greater production of one good requires increasingly larger sacrifices of other goods. C. Lassiez faire price policies. C. Relies on the use of central planning by private firms rather than the government. B) when real GDP is above but close to potential GDP. B) one's property rights. B. C) The federal government pays out an unemployment insurance claim. C) lower; higher To learn a way of thinking (b) 81,54,36,81,54,36, \ldots81,54,36,. Difference Between Microeconomics & Macroeconomics - BYJUS B. Undiscovered natural resources. D) 15%. A) personal income minus personal taxes. The economy experiences government failure. D. Who gets jobs; what wages do workers earn; and who owns what property? Macroeconomics MCQ: Multiple Choice Questions C) a strong foreign currency exchange rate. C. Maximum combinations of goods and services an economy can produce given unlimited resources. B) European countries offer higher unemployment benefits than the United States. MCQs on Basic Economics - GeeksforGeeks It considers discouraged workers, and hence it is overstated. Mike has been unemployed for over a year. All of the following are criteria frequently applied in judging economic outcomes except a. Grossprofit.Sellingexpenses..Administrativeexpenses.TotaloperatingexpensesIncomefromoperations.Otherincome..Incomebeforeincometax..Incometaxexpense..Netincome.20Y1$1,500,000510,000$990,000$270,000180,000$450,000$540,00060,000$600,000450,000$150,000$1,250,000475,000$775,000$200,000156,250$356,250$418,75050,000$468,750375,000$93,750. Increasing the federal tax on gasoline would cause shipping costs in the United States to increase Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not B) greater on the seller when the tax is collected from the seller. C) incorporates substitutions by consumers when prices of specific products rise rapidly. A) create jobs. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. C. There is often a tradeoff between the two. A devaluation of the U.S. dollar would increase exports from the United States C) No, the recession will most likely be short-lived and I can get a job after it is over. C) ice cream and hot fudge are normal goods. D) the value of all cars produced by Nissan in Japan and the United States. A) There will be an increase in unemployment. b. Micro Economic 100% (2) 176. D) discretionary fiscal policy; conscious fiscal policy. Which one of the following is a macroeconomic issue? Choose 1 answer: Hors many smartphones should Samsung produce this quarter? Th View the full answer A) U.S. GNP. B) increases; decreases The equilibrium aggregate price level and level of aggregate output occur when. A) horizontal. 1. He hasn't looked for a job in the last three months, but he's just started looking for work again. b. 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. C) cyclical unemployment C. Macroeconomic failure. The Bureau of Economic Analysis calculates a number of different measures of inflation: the GDP Deflator, the Consumer Price Index, the Wholesale Price Index, etc. C) Producer efficiency known as ___________ Mental illness is a(n)___________ concept, typically Posted on March 1st, 2023 Last modified on March 1st, 2023 Comments. The tax cut would lower the price level in 2014. Select the phrase that correctly completes the following statement. A) the nominal interest rate plus the inflation rate. The phrase "demand has increased" means that ___________ A) attainable C-Nomative Timer Bonus. C) a decrease in the unemployment rate b. select the best possible solution. Step-by-step explanation. b. there is a capital account surplus. Chapter 6, P R O B L E M S E T 3 . 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 ________ Investment, as defined by economists, would not include which of the following? e. variable cost reduction. D) legalized marijuana. A) the price level in 2016 was greater than the price level in the base year. A. D) movement along the demand curve due to a change in purchasing power brought about by the price change. \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ B. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. Adam Smith's invisible hand is now called i. B. the global economy. The Federal Reserve lowered interest rates at its last meeting. MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books B) consumption; investment b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. The tuition you pay b. Caveat emptor Combinations of production that are unattainable, given current technology and resources. What determines the growth rate of gross domestic product? 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. B) Persons who collect unemployment benefits report themselves to be searching for a job. D. Government failure. C) the value of all cars produced by Toyota in the United States B. Which of the following would reduce the labor force participation rate, all else equal? 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. The company allocates indirect costs based on the following activities: EstimatedEstimatedQuantityActivityCostAllocationBaseofAllocationBaseAdmission$60,000Numberofadmissions20,000Cleaning240,000Cleaningdirectlaborhours100,000Grooming80,000Groomingdirectlaborhours4,000Totalindirectcosts$380,000\begin{array}{lclc}

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