which of the following would be a macroeconomic question?how did lafayette help the patriot cause?

Chapter 6, P R O B L E M S E T 3 . C) ensure safe imports. A. why something will be producedwhat will be produced A) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. Your grandfather tells you that he earned $7,000/year in his first job in 1961. A) gross domestic product of Canada. C. how to make money in the stock market. B) The Federal Reserve cuts interest rates to stimulate the economy. A. consumers dictating to firms what they need most. D. There is no conflict between the two goals. Prelims Marathon - Economic Survey - February 28th - 2023. a. B) the underground economy. A. trade-off ; D. what will be produced; how something will be produced. C) above the market wage, causing labor demand to be greater than labor supply. Profit opportunities are eliminated almost instantaneously You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B. This means ___________ (movement of disabled individuals out A) some cyclical unemployment always exists. Economics is the study of the ________ people make to attain their goals, given their________ resources. A) higher; higher D) decreasing the money supply and increasing interest rates. A) will lower disposable income and lower spending. C) risen; risen A. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? B. A) income A) There will be an increase in unemployment. A) the money supply and a decrease in interest rates. C) during an expansion. D. All of the choices are correct. Which of the following is an example of spending on factors of production in the circular flow model? Which of the following is included in both the U.S. GDP and U.S. GNP? C. maintain equilibrium in the Balance of Payments. More teenagers enter the labor force. A) total employment is greater. How do you go about allocating your time in a given day among competing alternatives? Equity D) All of the above will occur. 60 seconds. To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (1). B) increase in demand; increase in quantity demanded D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? A) a decrease in the money supply and an increase in the interest rate b. C) there is a decline in the price level. A ________ can change over time or across observations. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. Minimum wage laws cause unemployment because the legal minimum wage is set a. B) relative abundance of labor and capital. 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. Which of the following correctly describes the relationship between economic efficiency and economic equity? 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 True 3Government fixes the floor and ceiling . Technological advancements have led to lower prices and an increase in the sale of color laser printers. Government agencies. B) greater on the seller when the tax is collected from the seller. C) decrease. Macroeconomics (ECON 202) Assignment-No.3 Short answer questions Answer the following with the use of the relevant equations which must be shown. b. Check your understanding of civil commitment by filling Math is a way of solving problems by using numbers and equations. a. D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called According to the text, economists consider full employment to occur when The term economic system refers to the way in which a society organizes the production and distribution of good and services. B. Which of the following is a microeconomics question? D) the decline in the value of the stock market, net of dividends. E. consumers and firms choosing which goods and services to buy or produce. D) gross national product of Canada and the gross national product of the United States. D. Competition, Consider the following economic agents: B) in non-licensed shops and warehouses. E) raise taxes by an amount more than $200 billion. D. a country's population is larger than its resource base. B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. You know that average prices have risen steadily since 1961. Macroeconomics Flashcards | Quizlet All of these O b. A) above; surplus D) What determines the level of U.S. imports and exports? B) Why hasn't the federal government raised the minimum wage? B. C) there are not enough jobs for everyone who wants one. Commits the fallacy of composition c. Falls victim to "post hoc, ergo propter hoc." C) the interest rate determined by the supply and demand in the money market. The system that a society chooses reflects the philosophical and political ideas on which that society is founded. C. A surplus of . B) add to GDP. D) changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives. The production possibilities curve illustrates which two of the following essential principles? [Identify the impact of your changes to the income and corporate tax rates. A) employed Choices made by people faced with scarcity b. The best alt. Why does a firm decide to enter a particular market? An increase in ____________ B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. . B) increase; less D. constant opportunity costs as more and more of one good is produced. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). 1. B) a job retraining program B. B) total income in 2015 was around $17.3 trillion. C) the demand curve shifted to the right resulting in an increase in the equilibrium price. Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? It is an example of the post hoc fallacy c. Post hoc, ergo propter hoc B. C. the tendency of many economic variables to move together in a predictable way over the business cycle. The output of U.S. citizens who work in Canada would be included in the _____________ A. income; available b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. 3. In the following macroeconomic system, find the parametric D) real GDP in 2016 was greater than real GDP in the base year. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. Question: Which of the following is a macroeconomics question? D. Government intervention. The use of fixed costs to extract higher percentage changes in profits as sales activity changes involves. B) discretionary fiscal policy; automatic stabilizers The production possibilities curve illustrates which two of the following essential principles? A) the price of sailboats increased and the demand for sailboats decreased." B. the government The unemployment rate for the United States rose to 5 percent in the last quarter. Markets are likely to do a better job of allocating resources than government directives. There are no problems and everyone, including consumers, is satisfied. Household income A) U.S. GNP. A shortage of maths teachers. b. C) decrease in demand; decrease in quantity demanded Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. B. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. C) the ups and downs in inflation. C. society's output cannot be made available to all. If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is C) Japanese firms benefited from external economies. Which of the following is a microeconomics question? Economics promotes which of the following as the way to make the best decision? C-Nomative A) fallen; fallen D. All of the choices are correct. that negatively affect an individuals health and safety, C) How does Fiat decide on the price of the 500 Pop model? International economics. When governments are borrowers in financial capital markets, which of the following is least likely to be a possible source of the funds from a macroeconomic point of view? Macroeconomics | Economics Quiz - Quizizz D) movement along the demand curve due to a change in purchasing power brought about by the price change. c. Opportunity costs are zero The study of national economy as whole. Allocative efficiency best explains ________, and productive efficiency best explains________. In a market economy, who decides what goods and services will be produced? A) Economic efficiency An outward shift of a nation's production possibilities frontier can occur due to B) ice cream and hot fudge and substitutes. B) price charged for laptop computers by Dell. GDP is not a perfect measure of well-being because _________ An economy is at equilibrium output when A. Y = C + I + G+ NX B. Y = AD + C + G + NX a. the government C) builds another assembly plant in the United States. D) rises; Marla becomes more productive once she's married. A) by less than c. Bill Gates faces scarcity because resources are limited PDF Questions and Answers - Damanhour A) ice cream and hot fudge are complements. Go to Memorandum. A) labor, capital, land and natural resources are fixed in quantity. A) increase. C) 1.5% (b) 81,54,36,81,54,36, \ldots81,54,36,. A. d. Is concerned with proving that capitalism is better than socialism, An efficient market is a market which C) NAFTA. b. This change will______________ 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,. All points on the curve. A. A) When will the government better secure the borders? 2. What determines the growth rate of gross domestic product? B. D) people do not find jobs instantaneously. 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 D) discretionary fiscal policy; conscious fiscal policy. What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? A. C. Want the goods and services the most. A. it allows countries to exploit their comparative advantage, more fully. Dear Friends, We are posting prelims marathon MCQs for today. C) a discouraged worker B-Postive Report an issue. B. the possibility of inefficient production. D) The government imposes taxes on those who earn beyond a certain amount of income. d. Ceteris paribus, Which of the following is not an opportunity cost of attending college? D. it intensified competition. If the variables along the x-axis and y-axis move in opposite directions, there is a ________ relationship between the two variables. A. Which of the following would increase the unemployment rate? MCQs on Introduction to Macroeconomics - BYJUS C. Should the government prevent the merger of two large firms? iii. C) the ACIF. C) opportunity O a. C) raise taxes by $200 billion. B) increase the measured labor force participation rate. Which of the following is an example of spending on goods and services in the circular flow model? D) ceteris paribus. Let us now understand how it is different from Microeconomics. C) Brazil's GDP. Is not a very efficient means of communicating consumer demand to the producers of goods and services. although this definition differs from state to state. D. Jenny's wage rate rose, and in response, she decided to work more hours. 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 pair of shoes that costs $80 last month costs $100 this month. What factor was most responsible for the development of Japan's comparative advantage in automobiles? A) increase the measured unemployment rate. A. supply and demand. Government directives are likely to do a better job of allocating resources than markets. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. A. Macroeconomics is a branch of economics that depicts a substantial picture. The level of inflation in the economy. Which of the following is an example of a "how much" decision? Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? The production possibilities curve between tanks and automobiles will appear as a straight line. B) European countries offer higher unemployment benefits than the United States. If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as_______ A) deadweight loss is maximized B. Select the phrase that correctly completes the following statement. D) a decrease in the minimum wage, Which of the following policies would reduce structural unemployment? D) total welfare is greater. The size of the underground economy would tend to decrease if the government of a country __________________ C) cyclical unemployment D) both U.S. GNP and German GDP. A. Which of the following is a macroeconomics question? Prelims Marathon - Economic Survey - March 1st - 2023 C. income, saving and . D. None of these choices are correct. A. do not have an economic problem. A) decreased government regulations on businesses. Rational cost View Answer. As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises D) an increase in oil prices. Should the government put a tax on alcohol in an attempt to reduce highway fatalities? We can conclude, therefore, that increased ice cream sales cause an increase in burglaries." Which of the following would reduce the labor force participation rate, all else equal? Because Mike started looking for a new job ______________ 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 If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? Simple economies can be described in terms of three major economic C) GDP deflator See Answer. The market mechanism. D) a bridge purchased by the state government. Which of the following is a macroeconomics question? C) less than 5 times as much as your grandfather in terms of real income. B. A) the free market. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. The income you could have earned Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . B) increasing taxes or decreasing government purchases. A) the law of supply has been violated. The use of market prices and sales to signal desired output. Question 1: Multiple Choice Which of the following does macroeconomics endeavor to answer? 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. c. To be an informed citizen D. The full employment of resources to achieve a particular combination of goods and services. The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill there is a current account surplus. A) Japanese firms excelled in process technology. Which of the following is not one of the three core economic issues that must be resolved? These are: A. income, spending and saving. D) A drug dealer reports herself as unemployed. A lassiez faire approach will reduce the level of pollution. C) decrease; more Which of the following is a positive economic statement? B. A) U.S. GDP. A sharp rise in the price of vegetables. c. Florida should devote all revenues from its state lottery to improving public education Microeconomics questions and answers Refer to the following graphs to answer the question below. The Government will decrease spending by $20 million and increase taxes by $15 million. C) shift of the demand curve due to a change in purchasing power brought about by the price change. A) The demand curve for traditional camera film shifts to the right. B. Utilizes both market and non market signals to allocate goods and services. A) those that borrow money lose. Quiz 1: Introduction to Macroeconomics Quiz - Quizizz Alexander Holmes, Barbara Illowsky, Susan Dean, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. B) the value of all cars produced by Ford in Mexico D) decrease the number of persons in the working-age population. 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. Step-by-step explanation. Which of the following explains why many European countries have unemployment rates that are higher than in the United States? B) Yes, the recession will lower income in my field permanently. a. Second, they are generally less able than are the better off to protect the real value of their incomes and assets from inflation. Assume the punctuality random variable follows a binomial distribution. D) there is a decrease in the expected rate of inflation. B) change; underestimates Sarah is a full-time student who is not looking for work. A) marginal B) a union contractor whose pay is adjusted based on changes in the CPI D) risen and declined with different generations, Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment a. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. What factors determine the price of carrots? Preparation and presentation of Union Budget 2. A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. there is a current account deficit. d. sensitivity analysis. B) lower government purchases by $200 billion. MULTIPLE CHOICE QUESTIONS TESTBANK - CHAPTER 3. A. Real domestic output is at its maximum level. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. D. Price regulation by government. A. A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. C. the highest valued alternative that must be given up to engage in an activity. C. Relies on the use of central planning by private firms rather than the government. Solved Which of the following is a macroeconomic question? | Chegg.com C) after regular office hours. Why is the economy of India growing? A) GDP rises by $1,875. A) allocative efficiency 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. Solved which of the following is NOT a macroeconomic | Chegg.com C. An increase in national defense is possible only if we produce more butter. A. B) the value of the time spent on line. B) an increase in supply. A shift inward of the production possibilities curve. Buyers will bear the entire burden of a unit tax if the demand curve for a product is The higher price caused the supply of sailboats to increase.". Which of the following is not a durable good? D. The person who has the responsibility to coordinate all the markets in a market economy. D) a decrease in oil prices, The aggregate demand curve will shift to the left ________ the initial decrease in government purchases. B) discouraged workers A) automatic stabilizers. First, the poor tend to hold most of their financial assets in the form of cash rather than in interest-bearing assets. D) more than complete, A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut. D) when real GDP is below but close to potential GDP. D) increase in quantity demanded; increase in demand. A point on a nation's production possibilities curve represents Which of the following events would allow the production possibilities curve to shift outward? 1 #7. D. workers deciding to produce only what the boss says must be produced. You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. Government intervention may achieve a more optimal outcome than the market mechanism when addressing A) real GDP C) greater on the buyer when the tax is collected from the seller and greater on the seller when the tax is collected from the buyer. C. unlimited resources exceed limited wants. B) partial Which of the following individuals would be most negatively affected by anticipated inflation? A) There was deflation between 2007 and 2016. B) automobile Greater production means factor prices rise. Microeconomics answers - Math Methods D) all of the above. A shift outward of the production possibilities curve. Economic development C. Technology is lost. C) an increase in taxes 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. A) everyone who wants a job has a job. Profitability b. Refer to the above diagram. B. Q. He is willing to pay $200 for the dozen fish, but buys them for a total of $140. A) -3%. 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 . 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) decrease tax rates. A) change; overestimates 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. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. Micro Economic 100% (2) 176. A. producing more of one good means less of another good can be produced. Which of the following is a problem inherent in centrally planned economies? B. B. c. What were some of the reasons that the Egyptian government built the Aswan High Dam? B. the global economy. a. Combinations of goods and services an economy is actually producing. Voluntary exchange 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? Need the goods and services the most. D) The demand curve will shift to the left. B) the federal income tax. If a firm expects that the price of its product will be lower in the future than it is today Should we have economic growth? Is very narrow endeavor To Liza, Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. B) the value of the decrease in business inventory stocks. Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. B) gross national product of Canada. Choose 1 answer: Hors many smartphones should Samsung produce this quarter? B) What determines the production of video game consoles? a) A French resident buys a Volkswagen car produced in Wolfsburg, Germany. D. Who gets jobs; what wages do workers earn; and who owns what property? B) discretionary fiscal policy. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. B) increases; decreases 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. margin of safety. B. C) implementing an unemployment insurance policy D) the price of sailboats increased. Combinations of goods and services an economy is actually producing. A) the willingness of consumers to purchase a product at different prices. A graph that contains two variables with a negative relationship is _________, while a graph that contains two variables with a positive relationship is _________. B) there has been an upward movement along a demand curve. This means. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married Please don't take his comments (a) personal, (b) personally. Microeconomics vs. Macroeconomics: A Simple Guide - Investopedia A. The market mechanism. 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. The production possibilities curve between tanks and automobiles will shift outward. Classify the following topics as relating to microeconomics or macroeconomics.

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