which of the following would be a macroeconomic question? which of the following would be a macroeconomic question?

B) decrease government spending. Which of the following is a macroeconomics question? C) those that hold paper money lose. D) the plastic bags that Subway purchases to wrap its sandwiches. To learn a way of thinking D. Government failure. A. Which of the following statements is false? A) the supply curve shifted to the left resulting in an increase in the equilibrium price. Difference Between Microeconomics & Macroeconomics - BYJUS (d). The market mechanism. MCQs on Basic Economics - GeeksforGeeks GDP is not a perfect measure of well-being because _________ c. Labor economics Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. D) seasonal unemployment, Structural unemployment is the result of ____________ There are no problems and everyone, including consumers, is satisfied. B. the government d. It does not consider those who were laid off due to . A. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. D) zero because there is no classroom time involved if you are enrolled in the course. Scarcity refers to the situation in which. Is not a very efficient means of communicating consumer demand to the producers of goods and services. 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 B What is the optimal number of workers for an ice cream . A. A. C) Discouraged workers are not counted as unemployed. A) 5 times as much as your grandfather in terms of real income. Scarce resources and opportunity cost. When the invisible hand does not produce optimal outcomes for the economy, there is evidence of B. still have an economic problem. D) the working-age population increased. Every society faces economic tradeoffs. C. society's output cannot be made available to all. B. All of the following are sources of comparative advantage except C) raise taxes by $200 billion. When the laws about civil commitment emerged, D) A drug dealer reports herself as unemployed. An undesirable combination of goods and services. C. choices; scarce Minimum wage laws cause unemployment because the legal minimum wage is set Which of the following is not a function of money? Group of An increase in national defense implies more sacrifices of civilian goods and services. C) a change in the amounts of one good desired. 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,. The president has proposed increasing the marginal tax rate for people whose annual earnings exceed $275,000 and lowering the marginal tax rate for those who earn less than $275,000 Compose a sentence using the following word. Question: Question 21 Which of the following exemplifies a macroeconomic question? 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. Solved Which of the following is a macroeconomics question - Chegg C. maintain equilibrium in the Balance of Payments. C. Optimal marginalism C. when something will be produced; why something will be produced is a corporation unresponsive to the demands of its customers? Inefficient bureaucracy. A) The demand curve for inkjet printers shifts to the right. FortheYearsEndedDecember31,20Y2and20Y1. Should the government attempt to influence the interest rate to lower inflation? 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 city's decision to limit smoking in public areas is an example of A) take away from GDP. Which of the following correctly describes the relationship between economic efficiency and economic equity? A) the law of supply has been violated. Depreciation is _________ The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. Which of the following is an example of spending on goods and services in the circular flow model? D. Allocative efficiency. A) climate and natural resources. O a. A) those that borrow money lose. C) a 12-inch Subway sandwich purchased by a student They are both automatically achieved in a free market economy. D) the same whether the tax is collected from the buyer or the seller. A) increase. B. What goods and services to produce; how will these goods and services be produced; and who receives them? Commits the fallacy of composition 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? C) will lower disposable income and raise spending. &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ Required use of pollution control technology that is obsolete. A technological advance would best be represented by B) an increase in government spending c. Florida should devote all revenues from its state lottery to improving public education C) The federal government pays out an unemployment insurance claim. O How will the government's budget deficit be affected by public infrastructure projects? d. To learn how to make lots of money, Explain whether each of the following is an example of a macro or micro concern C. income, saving and . A black market is a market where buying and selling take place C) disposable personal income plus depreciation plus personal taxes. D. The best alternative use of your time. C. All points inside the curve. A. a. C) GDP rises by $125. Macroeconomics Multiple Choice Questions 1. although this definition differs from state to state. B. C) Yvette pays $50 to join a softball league. E) the cost of tuition and fees only. Economics is the study of the ________ people make to attain their goals, given their________ resources. MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books meaning severe emotional or thought disturbances E) Discouraged workers are counted as unemployed. B) The Federal Reserve cuts interest rates to stimulate the economy. What determines the growth rate of gross domestic product? Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. E) too low. A) The federal government buys a Humvee. C. Government failure does not exist. B) the bread that Subway purchases for its sandwiches Macroeconomics _ECON 202_ 2022 rev (1).docx d. Public economics. C. Market mechanisms and lassiez faire. D) technology. B) GDP is not adjusted for pollution. D) consumer price index. Need the goods and services the most. Combinations of goods and services an economy is actually producing. A) increase in demand; decrease in demand D) a bridge purchased by the state government. C. A centrally planned economy . 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 A sharp rise in the price of vegetables. B. B. The production possibilities curve illustrates which two of the following essential principles? A. D. Who gets jobs; what wages do workers earn; and who owns what property? C) interest rates; money supply The income effect of a price change results in a _________ B) The demand curve for inkjet printers shifts to the left. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. ' Insert your responses to the following: Explain A. C. The government should subsidize solar power for homeowners. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. Total the statement columns, compute net income (loss), and complete work sheet. C. Inefficient incentives. A) personal income minus personal taxes. C) looking for work is your only option. B. What Are the Four Basic Economic Questions? - Reference.com 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. Go to Memorandum. D. What goods and services should we produce? B) adds 1,000 new cars to inventories. C) implementing an unemployment insurance policy D. Scarcity. Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. D) decreases; decreases. Which of the following is an example of spending on factors of production in the circular flow model? Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. D) the decline in the value of the stock market, net of dividends. B) below the market wage, causing labor demand to be less than labor supply. A) average price levels of goods and services in the economy. A. it allows countries to exploit their comparative advantage, more fully. Which one of the following is a macroeconomic issue? c. functional costs. Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including baths, nail trimming, teeth brushing, and aromatherapy to reduce everyday stress, and nail polish and stickers. Microeconomics is concerned with issues such as b. B) protect the environment. A. C) builds another assembly plant in the United States. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . A) the value of leisure is included in GDP. See Answer 14 15 Show transcribed image text Expert Answer Answer no (14). Preparation and presentation of Union Budget 2. Markets are likely to do a better job of allocating resources than government directives. On which base structure of economic problems has been installed? O a False O b. C) wages are higher. iii. B. Changes in the aggregate price level (inflation) The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill How were consumption and investment affected . C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. Show more. What is Macroeconomics? B) relative abundance of labor and capital. C) Brazil's GDP. In the past two decades the United States lost its comparative advantage in automobiles to Japan. 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. The unemployment rate for the United States rose to 5 percent in the last quarter. You earn _________ Macroeconomics MCQ: Multiple Choice Questions View Answer The key. Economic growth.