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

occurred. Which of the following is an example of spending on factors of production in the circular flow model? D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. What determines the salaries of Wall Street executives? A) higher; higher B) The tax cut would increase consumption spending more than would a permanent tax cut. b. C. Relies on the use of central planning by private firms rather than the government. Based on this evidence, Tecumseh has experienced 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. D. The full employment of resources to achieve a particular combination of goods and services. a. C) The purchasing power of your salary remained constant between 2007 and 2016. B. spending, production and saving. A) Micah purchases a new wrench for his auto repair business. Which of the following is a macroeconomic question? Total the statement columns, compute net income (loss), and complete work sheet. A. What goods and services to produce; how will these goods and services be produced; and who receives them? Report an issue. What were the macroeconomic principles or models that influenced your decision making?] B. C) Producer efficiency What determines the growth rate of gross domestic product? A. gross earnings A. achieve full employment. Scarce resources and opportunity cost. C. How is the production quantity of snowboards determined? B. A. D. Government failure. B) by more than B. D) incorporates substitutions by consumers when prices of specific products fall rapidly. 1. b. select the best possible solution. C) total spending in 2015 was around $17.3 trillion. C) increasing the money supply and decreasing interest rates. C) equal to the highest value of an alternative use of the time and money spent on the class. D. a country's population is larger than its resource base. a. margin of safety. d. It is an example of the fallacy of composition, The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called: C) lower; higher A) the cost of additional education is always higher during recession. Buyers will bear the entire burden of a unit tax if the demand curve for a product is C) ice cream and hot fudge are normal goods. D) refrigerator. Mike has been unemployed for over a year. The decision about what goods and services will be produced in a market economy is made by Posted on March 1st, 2023 Last modified on March 1st, 2023 Comments. C) decrease; more i. Which of the following causes the unemployment rate to understate the true extent of joblessness? A production possibilities curve indicates the Which of the following explains why many European countries have unemployment rates that are higher than in the United States? A) there is a sustained increase in the price level. B) substitution Profitability b. A) falls; Marla's work takes place in the underground economy once she's married A) decrease the measured unemployment rate. This means ______. The demand for bottled water by individuals. A) the free market. C. consumers Aggregate unemployment Is very narrow endeavor D) less than 5 times as much as your grandfather in terms of nominal income. B) made over-the-counter drugs illegal. Expansionary fiscal policy involves Production possibilities curve will shift outward. Every society faces economic tradeoffs. D) Unlike positive economic analysis, normative economic analysis can be tested. d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics Equity A. A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. Is the value of the alternative use of the time you spend of playing this game Is zero B) the value of the house in 2003 c. Will a new type of electronic reader or tablet increase the number of buyers? 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. 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) frictional unemployment equals zero. In a market economy, those who are willing and able to buy what is produced. Macroeconomics is the branch of economics that deals with: (A) the prices of individual goods. B) an expansionary; a contractionary C) a 12-inch Subway sandwich purchased by a student D) ice cream is a normal good and hot fudge is an inferior good. Question: Which of the following is an illustration of a macroeconomic question? C) an increase in unemployment insurance payments D) seasonal unemployment, Structural unemployment is the result of ____________ given up when we make a decision is called ____ of that decision Suppose that nominal GDP in 2016 was less than real GDP in 2016. View Answer. A) Tuan purchases a cappuccino at the student union. Stability c. Efficiency d. Growth A Economics is best defined as the study of a. Reading Period 10 minutes . Refer to the above diagram. d. Congress extends the maximum duration for the collection of unemployment benefits from 26-52 weeks, T/F The collection and use of data to test economic theory is called empirical economics, To analyze the relationship between two variables while holding the values of other variables unchanged is a device known as B) the economy produces only two products. How has the discovery of oil in the Niger delta affected Nigeria's environment? A ________ can change over time or across observations. C. There is often a tradeoff between the two. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. D) decrease the number of persons in the working-age population. Automatic stabilizers refer to D) the unemployment rate consists of only frictional and structural unemployment. b. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. Macroeconomics focuses on the performance of Greater production means factor prices rise. As a result, GDP ________ because ________. Lower disposable income decreases consumption at every price level. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and a bandana or bow. D) GDP falls by $1,875. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill Getting the timing right with fiscal policy is generally _______________ B. A) fallen; fallen B. = 8.8 - 1.2 F,, + 1.6 FGpp + 6 E (RSP500. D) the reduction in economic surplus resulting from not being in competitive equilibrium. C) $140. We can conclude, therefore, that increased ice cream sales cause an increase in burglaries." 1. He hasn't looked for a job in the last three months, but he's just started looking for work again. If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is D) The "Lucky Ducky" casino buys a new crabs table for the casino floor. C) There will be a decrease in the quantity of labor supplied by households. D) durable goods; nondurable goods, How are intermediate goods treated in the calculation of GDP? (Round percentages to one decimal place.). 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 C) do not change; overestimates B) higher; lower A point on a nation's production possibilities curve represents For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. Solve the Following Short-Essay Questions: Define demand. Which one of the following is a macroeconomic issue? D. give more money to the government to solve its problems. A) nondurable goods; durable goods D) both U.S. GNP and German GDP. a. A) total employment is greater. C. The money you spent on tuition for the class. B. A) Governments interfere with the market mechanism to influence the allocation of goods and services. If the nominal rate of interest is 6.5% and the inflation rate is 3.0%, what is the real rate of interest? B) the price level in 2016 was less than the price level in the base year. If market signals result in pollution beyond the optimal level, then D) decreases; decreases. D) GDP is adjusted for increases in drug addiction. B) an increase in the unemployment rate Its objective is to understand which kind of forces drive it, and with the information collected try to project how performance can improve. The level of inflation in the economy. A) lower government purchases by an amount less than $200 billion. a. the government B) government spending and taxes that automatically increase or decrease along with the business cycle. C) ensure safe imports. Rearranging, we get: Math is a way of solving problems by using numbers and equations. Individual consumers. C) Apple computer buys computer processors from Intel. A) increase in demand; decrease in demand \hline B) the consumer surplus received from purchasing a given quantity of a product. Increasing the federal tax on gasoline would cause shipping costs in the United States to increase B) decrease government spending. Scarcity refers to the situation in which. Deadweight loss refers to Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. Which of the following is a microeconomics question? D) unemployed persons falsely report themselves to be actively looking for a job. D. some people live better than others do. D) the value of all cars produced by Nissan in Japan and the United States. E. it is easier to book holidays in member countries. B) European countries offer higher unemployment benefits than the United States. b. unit contribution margin. A) an induced; an autonomous 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 . C) an increase in the quantity supplied. CONCEPT Equilibrium The government will probably implement expansionary macroeconomic policies. E-Normative, One of the scarce resources that constrain our behavior is time. Answer: B Use the following diagram to answer questions 36-39: 36. B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. a. B) total consumption of goods is greater. Microeconomics answers - Micro Summary exam 1 questions and answers microeconomics exam which of the following is macroeconomics question a:how much would math. Capital, as economists use the term, refers to. Consumption of cigarettes. C) decrease oil prices. A) increase the measured unemployment rate. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as that negatively affect an individuals health and safety, Investment, as defined by economists, would not include which of the following? D) No, the recession will have no impact on my ability to get a job or my future income. of mental institutions) and ___________ (movement Which of the following is a normative economic statement? C) gross domestic product of the United States. It considers discouraged workers, and hence it is overstated. Which of the following is a positive economic statement? A. Given that, the question "According to the Bureau of Economic Analysis, what has been the average annual level of inflation (as measured by the GDP Deflator) over the past 10 years?" A) increase; more 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 C) raise taxes by $200 billion. (d). C) those that hold paper money lose. See Answer 14 15 Show transcribed image text Expert Answer Answer no (14). Microeconomics focuses on supply and demand . d. The "richest man in the world" does not face scarcity because he has more money than others, Indicate whether the following statements are examples of positive economic analysis or normative economic analysis C) Japanese firms benefited from external economies. B) a competitive equilibrium is achieved D) the plastic bags that Subway purchases to wrap its sandwiches. 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