which of the following would be a macroeconomic question?

Determine the following. C) The purchasing power of your salary remained constant between 2007 and 2016. Which of the following can be used to correct market failure? B) automobile C) demographics [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. B. how to make money in a market economy. A. Equity D. Government intervention. A. It considers discouraged workers, and hence it is overstated. b. C) lower; higher d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics C. What will be the prices of goods and services; how will these goods and services beproduced; and who will receive them? D) total welfare is greater. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. Expansionary fiscal policy involves B. the possibility of inefficient production. B) above; shortage B) an increase in the unemployment rate D. The best alternative use of your time. A. The phrase "demand has increased" means that ___________ B. (b). B) The demand curve for inkjet printers shifts to the left. Which of the following statements is false? The aggregate demand and aggregate supply curve intersect. 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) an increase in taxes Voluntary exchange You have majored in computer science and, because of the recession, have difficulty in finding a job. D) zero because there is no classroom time involved if you are enrolled in the course. B. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). c. determine the objective. Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? He faces scarcity because his resources are unlimited B) Laurence rents a car to drive to a wedding in San Diego. D) the same whether the tax is collected from the buyer or the seller. B) relative abundance of labor and capital. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. A black market is a market where buying and selling take place With respect to factors of production, which of the following statements is not true? A) decreased government regulations on businesses. there is a current account deficit. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. [Identify the impact of your changes to the income and corporate tax rates. Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years? C) Toby buys a new lawn mower to use in his lawn care business. B. Producers are using inventory faster than it can be replaced. C) decreases; increases Stability c. Efficiency d. Growth A Economics is best defined as the study of a. Electric car enthusiasts want to buy more electric cars at a lower price. B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. A. O a. Which of the following would be classified as fiscal policy? B) updates the market basket every 10 years, rather than every two years. The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. B. a nation's poverty level increases faster than its population. C. Should the government prevent the merger of two large firms? 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 B. Explain the pitfall of this statement. B) -3.5% A) above; surplus c. The price of gasoline ___________ (movement of disabled individuals out A city's decision to limit smoking in public areas is an example of We can conclude, therefore, that increased ice cream sales cause an increase in burglaries." For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises C. There is often a tradeoff between the two. Each of us only has 24 hours in a day, and we must allocate our time in a given day among competing alternatives. Answer: (D) The economy as a whole. The ability to exercise control over one's own resources within the confines of the law refers to B) in non-licensed shops and warehouses. b. What goods and services to produce; how will these goods and services be produced; and who receives them? D) ice cream is a normal good and hot fudge is an inferior good. (a). b. D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. 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. B) some people do not want a job. By how much and in what direction does GDP change as a result of his efforts? An increase in national defense implies more sacrifices of civilian goods and services. Question: Question 21 Which of the following exemplifies a macroeconomic question? A) real GDP C) Producer efficiency A) Japanese firms excelled in process technology. D) technology. D. workers deciding to produce only what the boss says must be produced. A. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. You earn $35,000/year in your first job in 2016. See Answer. A) average price levels of goods and services in the economy. 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. C) GDP is adjusted for changes in crime rates. Show more. A. A. trade-off D) All of the above will occur. If inflation over the year is 2%, what is the real interest rate you are paying? A) during a deep recession. B) high unemployment rates do not usually last for very long. The unemployment rate for the United States rose to 5 percent in the last quarter. B. b. C) investment; consumption C) Discouraged workers are not counted as unemployed. Why is the economy of India growing? \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ Profits are always very high and persistent Rearranging, we get: Which of the following is an example of government failure? b. Macroeconomics A) total employment is greater. The size of the underground economy would tend to decrease if the government of a country __________________ A) below the market wage, causing labor demand to be greater than labor supply. 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. D) an increase in the labor force. They've told our detectives they have no interest in ever putting in the barriers.". B. D. Scarcity. Have the most political power. A. unlimited wants exceed limited resources. D. People should not buy imported fruits and vegetables. Given this information, we know for certain that ________ B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. Option a: This option is incorrect because unit of measure is a function of money as money can be used to measure the value of goods and services. D) lower; lower, Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. As more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. 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. c. Marginal cost Macroeconomics is a branch of economics that depicts a substantial picture. Which of the following is a microeconomics question? This means that _______ An increase in ____________ A) a demand curve has shifted to the left. C) increasing the money supply and decreasing interest rates. The country is experiencing a serious rise in inflation which the government wants to control through fiscal policy. Which of the following causes the unemployment rate to understate the true extent of joblessness? A) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not On which base structure of economic problems has been installed? Chuck is paying Marla $150 per hour to design his new home. In a market economy, who decides what goods and services will be produced? A) everyone who wants a job has a job. A. Buyers will bear the entire burden of a unit tax if the demand curve for a product is ActivityAdmissionCleaningGroomingTotalindirectcostsEstimatedCost$60,000240,00080,000$380,000AllocationBaseNumberofadmissionsCleaningdirectlaborhoursGroomingdirectlaborhoursEstimatedQuantityofAllocationBase20,000100,0004,000. C. A centrally planned economy Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? These are: A. income, spending and saving. D) implicit. You are investigating the punctuality of the airlines in Asia. C. How is the production quantity of snowboards determined? Every society faces economic tradeoffs. D. Higher opportunity costs induce higher output per unit of input. The study of regional economy as whole. D. What goods and services should we produce? c. The alternative uses of time you spend studying The economy experiences government failure. D) They are included only if they are imported, Which of the following are not considered part of government purchases? C) an increase in the quantity supplied. Let us now understand how it is different from Microeconomics. Marla is an architect who is designing a home for Chuck. Government failure. B) an expansionary; a contractionary B) increased income tax rates. C) lower; higher Which of the following statements about positive economic analysis is true?