which of the following would be a macroeconomic question?

The opportunity cost of studying for an economics test is B) productive efficiency A) the value of the house in 2016 Which of the following is a macroeconomics question? C) any level of the two products that the economy produces is currently possible. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. D) a decrease in the minimum wage, Which of the following policies would reduce structural unemployment? d. All of the above D) a decrease in oil prices, The aggregate demand curve will shift to the left ________ the initial decrease in government purchases. Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. A. Reading Period 10 minutes . C) wages are higher. D) on foreign soil. c. Will a new type of electronic reader or tablet increase the number of buyers? A. D) total welfare is greater. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married D) a slowdown in the economy. D. Scarcity. To Liza, An undesirable combination of goods and services. A. gross earnings C) decrease; more B) -3.5% A. Should the government put a tax on alcohol in an attempt to reduce highway fatalities? B) a competitive equilibrium is achieved A) higher; higher A) The federal government buys a Humvee. C) the demand for lawn care service has decreased. iii. Prelims Marathon - Economic Survey - March 1st - 2023. B. In cities with rent control, people have an incentive to list their apartments on sites such as Airbnb at rents ________ the controlled rates, because rent control causes a ________ of apartments. Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. A) a decrease in the money supply and an increase in the interest rate b. Would a projects NPV for a typical firm be higher or lower if the firm used accelerated rather than straight-line depreciation? A) at prices that violate government price regulations. A) marginal A. C) do not change; overestimates C) U.S. GDP. C) a change in the amounts of one good desired. D) Your father buys a new John Deere riding lawn mower. d. sensitivity analysis. How many airlines will be late in one month? c. Falls victim to "post hoc, ergo propter hoc." A) Micah purchases a new wrench for his auto repair business. Equity Which assumptions do you need to make in order to be correct in considering a binomial distribution for your variable? 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. D) equal 20%. B. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. C. A surplus of . B. D) the value of all cars produced by Nissan in Japan and the United States. Government agencies. C) The purchasing power of your salary remained constant between 2007 and 2016. 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 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? Is way of analyzing decision-making processes caused by scarcity Solve the Following Short-Essay Questions: Define demand. 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 If Congress passed a one-time tax cut in order to stimulate the economy in 2014, and tax rate levels returned to their pre-2014 level in 2015, how should this tax cut affect the economy? Public economics (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. ii. Total the statement columns, compute net income (loss), and complete work sheet. Which of the following would be classified as fiscal policy? d. A) during a deep recession. Macroeconomics is focused on the movement and trends in the economy as a whole. How does the increasing use of digital cameras affect the market for traditional camera film? A technological advance would best be represented by C) productively efficient B) partial B. how something will be produced; when something will be produced C) continually declined. Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. b. The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. D. workers deciding to produce only what the boss says must be produced. C. normative economics. For schedule, refer to the archive link given below. B) teachers' salaries paid by a local government P = $80 In perfect competition, P = AR = _____a. You earn _________ If the CPI rose from 82 to 202 between 2007 and 2016, which of the following is true? The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. A. ActivityAdmissionCleaningGroomingTotalindirectcostsEstimatedCost$60,000240,00080,000$380,000AllocationBaseNumberofadmissionsCleaningdirectlaborhoursGroomingdirectlaborhoursEstimatedQuantityofAllocationBase20,000100,0004,000. Choices made by people faced with scarcity b. How do you go about weighing the alternatives? D) below; shortage. A) Governments interfere with the market mechanism to influence the allocation of goods and services. Which of the following is a government expenditure, but is not a government purchase? 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. A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe. To move the economy back to potential GDP, Congress should ______________ C. The market mechanism has failed to achieve social efficiency. C. The overall economy. Profitability b. b. 1. D) ceteris paribus. a. D) upward sloping. B) the nominal interest rate minus the inflation rate. The data is listed per quarter, and the real GDP data was calculated using 2009 as the base year. B) 3%. C) demographics Which of the following best defines economics? D. marginal costs Q. Economics involves allocating resources to meet peoples' needs and desires for goods and services. B) Individual income taxes; social insurance taxes More teenagers enter the labor force. C. lawmakers in the government voting on what will be produced. D) an increase in the price of gasoline. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ The phrase "demand has increased" means that ___________ C) there is a decline in the price level. \textbf{\hspace{10pt}Activity}&\textbf{Cost}&\hspace{20pt}\textbf{Allocation Base}&\textbf{of Allocation Base}\\ . Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. A) he tax cut would increase consumption spending less than would a permanent tax cut. D) Japan has abundant supplies of natural resources needed to produce automobiles. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. A) Many full time workers really want to be part time workers. 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 In terms of the production possibilities curve, inefficiency is represented by B) lower government purchases by $200 billion. B. Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. B) The tax cut would increase consumption spending more than would a permanent tax cut. ________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the marginal cost of production, and in which the sum of consumer surplus and producer surplus is at a maximum. A. producing more of one good means less of another good can be produced. 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. C) NAFTA. B) an increase in the number of manufacturers of electric cars. b. select the best possible solution. B. A) increases; increases Guns and butter can be produced using the same resources at the same time. C. how to make money in the stock market. Which of the following is a positive macroeconomic statement: a. Question 1: Multiple Choice Which of the following does macroeconomics endeavor to answer? A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. Question: Which of the following is an illustration of a macroeconomic question? C) Brazil's GDP. Which of the following is an example of spending on goods and services in the circular flow model? C) Consumer surplus measures the net benefit from participating in a market. B. They always call for opposite outcomes. The following macroeconomic projected return models =. 2. Aggregate unemployment 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? They are both automatically achieved in a free market economy. This means This situation will most likely coincide with high unemployment. B) the sum of consumer and producer surplus. A) a reduction in unemployment. A lassiez faire approach will reduce the level of pollution. D. the government, consumers, and producers a. the government A production possibilities curve indicates the The market mechanism may best be defined as Economists have shown that the burden of a tax is The purchasing. C) Japanese firms benefited from external economies. c. Industrial organization B) a natural disaster like a hurricane or bad earthquake. The income effect of a price change results in a _________ D. The government is allocating resources inefficiently. For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. C) The quantity of inkjet printers demanded increases. meaning severe emotional or thought disturbances A. Which of the following statements is false? B) higher; lower c. Focuses on how a business should function Administrativeexpenses. Totaloperatingexpenses Incomefromoperations. Otherincome.. Incomebeforeincometax.. Incometaxexpense.. Netincome. David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Intro to Microeconomics (First Exam) (Chapter, Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. A) attainable D) the firm will not change supply until it knows for certain what will happen to its price. Depreciation is _________ A point on a nation's production possibilities curve represents If inflation over the year is 2%, what is the real interest rate you are paying? \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ B. the government C) GDP deflator A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. Which of the following is a normative economic statement? D) the unemployment rate consists of only frictional and structural unemployment. b. D) incorporates substitutions by consumers when prices of specific products fall rapidly. D. Jenny's wage rate rose, and in response, she decided to work more hours. Which of the following is an example of government failure? A. unlimited wants exceed limited resources. B) Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product. D) gross national product of Canada and the gross national product of the United States. It is an example of the post hoc fallacy b. Macroeconomics bi tp eco question points): given the following annual information about hypothetical country, answer the following questions (expenditure approach to gdp) Skip to document. A) no It converts normative analysis into positive b. D) the reduction in economic surplus resulting from not being in competitive equilibrium. B) an increase in the unemployment rate A. As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises Based on this evidence, Tecumseh has experienced A) the supply curve shifted to the left resulting in an increase in the equilibrium price. B. C) interest rates; money supply Which of the following is a macroeconomic question? A: Economics is the study of production, distribution, and consumption when the resources are scarce in. Number of employees in the steel industry The real rate of interest is ______________ C) How does Fiat decide on the price of the 500 Pop model? D-Positive a. B) increased income tax rates. Why does a firm decide to enter a particular market? C) What factors determine the price of Oreo cookies? A shift inward of the production possibilities curve. Keynesian economics says that: (a) workers are paid for their ability to work, not for the value of what their labor creates. Productive efficiency The money-creating potential in the banking system in the given case is computed as follows: Combinations of goods and services an economy is actually producing. ECO111 Quizz 01 FALL 2021. The study of national economy as whole. C) above the market wage, causing labor demand to be greater than labor supply. of mental institutions) and ___________ (movement C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. Getting the timing right with fiscal policy is generally _______________ B) The quantity of traditional camera film demanded decreases. C) the value of the addition to the capital stock. D) lower taxes by $200 billion. A) falls; Marla's work takes place in the underground economy once she's married B) Consumer efficiency B) Canada's GDP. The invisible hand at work. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. C) Producer efficiency Allocative efficiency best explains ________, and productive efficiency best explains________. How can a firm maximize profits, given the state of the economy? A. Answer: B Diff: 1 Page Ref: 12/12 Topic: Economic Models *: Recurring B) protect the environment. C) cyclical unemployment Your survey tells you that, out of 15 airlines, 80% of them are likely to be late at least once a month. B) $60. Step-by-step explanation. D) do not change; underestimates. C) entrepreneurship. You have majored in computer science and, because of the recession, have difficulty in finding a job. Explanation: Macroeconomics deals with the economy as a whole. Which one of the following is not a key people behind macroeconomics? d. Public economics. A) nondurable goods; durable goods

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