B) structural unemployment B. C) No, the recession will most likely be short-lived and I can get a job after it is over. D) sometimes by more than and other times by less than, A change in consumption spending caused by income changes is ________ change in spending, and a change in government spending that occurs to improve roads and bridges is ________ change in spending B) the value of all cars produced by Ford in Mexico 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 . Equity B) GDP is not adjusted for pollution. Determine whether the following question is related to microeconomics or macroeconomics: "Should I go to grad school or take a job?" What are some important facts regarding macroeconomics? Which of the following would increase the unemployment rate? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? Answering these four questions is essential for an economy to function properly.
Three Economic Questions: What, How, For Whom? | Encyclopedia.com The market mechanism at work. A) by less than C. do have an economic problem but are solving it. The data is listed per quarter, and the real GDP data was calculated using 2009 as the base year. If inflation over the year is 2%, what is the real interest rate you are paying? C) NAFTA. c. Walmart announced that it will increase its starting wage for employees to $10/hour by Feb 2016 Marco's consumer surplus from the purchase is D) $200. E) Discouraged workers are counted as unemployed. Bill Gates does not face scarcity because he is a billionaire A. A shift outward of the production possibilities curve. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? Explain the pitfall of this statement. C) automatic stabilizers; monetary policy C. Want the goods and services the most. C) a decrease in the price of lithium, which is used in the electric car batteries. 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 Th View the full answer This means ______. a. Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. Macroeconomics is the branch of economics that deals with: (A) the prices of individual goods.
TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu A. Then compare your responses with the key at the end of the book. A) increase. E. consumers and producers. A) average price levels of goods and services in the economy. C. How is the production quantity of snowboards determined?
Which of the following is a macroeconomic question? A. What determines C) entrepreneurship. D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. The production possibilities curve illustrates which two of the following essential principles? C. Market mechanisms and lassiez faire. Automatic stabilizers refer to If the BLS counted persons that are on active military service in the totals for employment, the labor force, or the working-age population, this would _______________ How does the increasing use of digital cameras affect the market for traditional camera film? Should Congress and the president take action to reduce global warming? How consumers make purchasing decisions c. Inflation, unemployment, and economic growth d. Final decision making A Microeconomics focuses on supply and demand . A) Japanese firms excelled in process technology. Which assumptions do you need to make in order to be correct in considering a binomial distribution for your variable? D) movement along the demand curve due to a change in purchasing power brought about by the price change. Macroeconomics Multiple Choice Questions 1. How were consumption and investment affected . 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. b. A) ice cream and hot fudge are complements. The money-creating potential in the banking system in the given case is computed as follows: (a) Unlimited Wants D. the government, consumers, and producers a. D) buys U.S. government bonds. You have majored in computer science and, because of the recession, have difficulty in finding a job. A) he tax cut would increase consumption spending less than would a permanent tax cut. D) no one in the economy loses.
MACROECON CH 1 Flashcards | Quizlet A) the value of output in 2015 was around $17.3 trillion. D) less than 5 times as much as your grandfather in terms of nominal income. B. Assume the punctuality random variable follows a binomial distribution. A) attainable Should the government put a tax on alcohol in an attempt to reduce highway fatalities? B) real GDP per person B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. C. income, saving and . Microeconomics is the study of D. Average combinations of goods and services an economy can produce given its available resources and technology. \hline B. Which of the following is a macroeconomics question? The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to price, and the CPI does not reflect this and ________ the cost of the market basket a. a. Ask an Expert.
Which of the following is not a function of money? Group of D) decreases; decreases. is a corporation unresponsive to the demands of its customers? Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams. Government intervention may achieve a more optimal outcome than the market mechanism when addressing What are some of the causes of desertification? You are investigating the punctuality of the airlines in Asia. D) simplify some aspect of economic life. C) shift of the demand curve due to a change in purchasing power brought about by the price change.
Macroeconomic quiz with answers | Math Tutor - jm49.toastenoteca.com B) lower government purchases by $200 billion. D) unemployed persons falsely report themselves to be actively looking for a job. b. D) a bridge purchased by the state government. A) The demand curve for traditional camera film shifts to the right. A) increase in demand; decrease in demand ii.
3. The following questions relate to long-run macroeconomic D. marginal costs The use of market signals and government directives to select economic outcomes. Bureaucratic delays A. Which of the following is not a basic decision that all nations must confront? Deflation occurs when ____________
Macroeconomics Problems | Interest Rate Inflation & Unemployment - EDUCBA C) There will be a decrease in the quantity of labor supplied by households. answer choices. Combinations of goods and services an economy is actually producing. A) a reduction in unemployment. D) Japan has abundant supplies of natural resources needed to produce automobiles. 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). D) What determines the salaries of college professors? This situation will most likely coincide with high unemployment. c. Bill Gates faces scarcity because resources are limited D) real GDP in 2016 was greater than real GDP in the base year. Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Que11. b. C) GDP deflator B. how something will be produced; when something will be produced occurred. B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. Macroeconomics (ECON 202) Assignment-No.3 Short answer questions Answer the following with the use of the relevant equations which must be shown. B) total income in 2015 was around $17.3 trillion. B) unattainable B) a decrease in government purchases Key Takeaways. e. None of the above. C. choices; scarce Please don't take his comments (a) personal, (b) personally. Investment, as defined by economists, would not include which of the following? 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?" D. Allocative efficiency. These are: A. income, spending and saving. Capital, as economists use the term, refers to. A. A. how households and firms make choices. d. identify possible solutions. 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 ________. D. Price regulation by government. Because Mike started looking for a new job ______________ A. supply and demand. D. constant opportunity costs as more and more of one good is produced. Profitability b. C) a 12-inch Subway sandwich purchased by a student A) shift of the demand curve when income changes. The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill D. Competition, Consider the following economic agents: Equity b. B) those that lend money lose. Number of employees in the steel industry Step-by-step explanation. D. Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. Flow (1) represents: A) wage, rent, interest, and profit income. D) the working-age population increased. A. The purchasing. A.
MCQs on Introduction to Macroeconomics - BYJUS C. Optimal marginalism C) risen; risen Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. C. Maximum combinations of goods and services an economy can produce given unlimited resources. Opportunity cost D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ He is willing to pay $200 for the dozen fish, but buys them for a total of $140. B. Classify the following topics as relating to microeconomics or macroeconomics.
B. a. Microeconomics C. Levels of production that will cause both unemployment and inflation. As more and more time is spent on one activity, the opportunity cost of the activity in terms of other activities rises
Macroeconomics MCQ: Multiple Choice Questions 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 A city's decision to limit smoking in public areas is an example of Micro Economic 100% (2) 176. D) the nominal interest rate. D) more than complete, A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut. B) increase the measured labor force participation rate. 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: Let us now understand how it is different from Microeconomics. B. D) a contractionary; an expansionary. The opportunity cost of studying for an economics test is C. Theme park construction. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. C. consumers
Exercise 01 - bi tp eco - Question 1 (3 points): Given the following D) a decrease in the minimum wage, Which of the following policies would reduce structural unemployment? The minimum wage law causes unemployment. a. The minimum wage law causes unemployment. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized. 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? Is zero Scarce resources and opportunity cost. B) decrease government spending. D) the payroll tax. D. topics such as unemployment, inflation, and economic growth. b. B) Persons who collect unemployment benefits report themselves to be searching for a job. How many airlines will be late in one month?
Which of the following is a macroeconomic question? A. How can a firm B) GDP is not affected by Scott's production of the jewelry box. c. Industrial organization 1. A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. An oligopolistic industry consists of only two firms, Angel& For schedule, refer to the archive link given below. D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called (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. B. Based on this evidence, Tecumseh has experienced An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. D. Production of nonmilitary goods will decrease. E. it is easier to book holidays in member countries. A) increasing government purchases or decreasing taxes. A) Governments interfere with the market mechanism to influence the allocation of goods and services. D) out of the labor force. A) frictional unemployment A production possibilities curve indicates the B) remain the same. Suppose in 2016, you purchase a house built in 2003. Why does a firm decide to enter a particular market? B. a nation's poverty level increases faster than its population. C) wages are higher. A. C. lawmakers in the government voting on what will be produced.
Solved Which of the following is an example of a | Chegg.com Should we have economic growth? C) complete Economists have shown that the burden of a tax is Economic growth. B) an increase in government spending What factor was most responsible for the development of Japan's comparative advantage in automobiles? D) decreasing the money supply and increasing interest rates. On which base structure of economic problems has been installed? C) by the same amount as Preparation and presentation of Budget for state governments under President's Rule 3. 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. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. C) downward sloping. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. The study of regional economy as whole. B) more than 5 times as much as your grandfather in terms of real income. B) Individual income taxes; social insurance taxes B. decisions; household C) legalized prostitution. How should we produce goods and services? D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force. D) The federal government cuts taxes to stimulate the economy. The market mechanism A. negative because it may improve your grade. B. firm could more readily exploit. The income you could have earned D) They are included only if they are imported, Which of the following are not considered part of government purchases? One can conclude that C) productively efficient D) all of the above. C. The process by which the production possibilities curve shifts inward. Step-by-step explanation. B. How much will be saved; what will be produced; and how can these goods and services be fairly distributed?
' Insert your responses to the following: Explain If, in response to a decrease in the price of coffee, the quantity of coffee demanded increases, economists would describe this as_______ c. It eliminates the need for abstraction or simplification D) a decrease in oil prices, The aggregate demand curve will shift to the left ________ the initial decrease in government purchases. B) -3.5% C) there has been a downward movement along a demand curve. (a). A) real GDP Which of the following statements is not true? Economists reason that the optimal decision is to continue any activity up to the point where the.
Which of the following is not a microeconomics topic? (Select all that Government agencies. a. C) increased income tax rates. Posted on March 1st, 2023 Last modified on March 1st, 2023 Comments. D) total welfare is greater. C) disposable personal income plus depreciation plus personal taxes. B. the government B. C) a tank purchased by the federal government B) Japan has abundant supplies of labor. D) the level of technology is fixed and unchanging. A) decreased government regulations on businesses. Markets are likely to do a better job of allocating resources than government directives.
What Are the Four Basic Economic Questions? - Reference.com Which of the following individuals would be most negatively affected by anticipated inflation? A. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? A. producers In the first half of 2011, automobile sales in the United States were lower than they were in the first half of 2010. When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it, ________ occurs Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy? It allows researchers to isolate the effect of one event on another without the influence of outside variables Economics teaches how to limit our wants. A) the supply curve shifted to the left resulting in an increase in the equilibrium price. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. A) falls; Marla's work takes place in the underground economy once she's married D) Excise and other taxes; individual income taxes. D. Higher opportunity costs induce higher output per unit of input. C) the ups and downs in inflation. d. Is concerned with proving that capitalism is better than socialism, An efficient market is a market which The term economic system refers to the way in which a society organizes the production and distribution of good and services. d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States A. central bank prints more money B. increase in household savings C. decrease in borrowing by private firms D. foreign financial investors Would a projects NPV for a typical firm be higher or lower if the firm used accelerated rather than straight-line depreciation? A) Yes, the recession will ensure that you will never find a job as a programmer. A. E) the cost of tuition and fees only. B) the value of the time spent on line. The size of the underground economy would tend to increase if the government of a country ________________ A) buys a new robotic machine (from a plant in Ohio) to assemble cars. Aggregate unemployment D) the firm will not change supply until it knows for certain what will happen to its price. A) a decrease in the money supply and an increase in the interest rate A) the price of sailboats increased and the demand for sailboats decreased." B) change; underestimates B) automobile C. the highest valued alternative that must be given up to engage in an activity. What determines the salaries of Wall Street executives? A) the knowledge and enjoyment you receive from taking the class. (d). Which of the following is a macroeconomics question? All points outside the curve. B) Canada's GDP. D) The demand curve for traditional camera film shifts to the left. The level of inflation in the economy. B-Postive Need the goods and services the most. C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. A) below the market wage, causing labor demand to be greater than labor supply. D) rises; Marla becomes more productive once she's married. Every society faces economic tradeoffs. A) employed A) -3%.
Macroeconomic Questions Flashcards | Quizlet B. microeconomics. 60 seconds. B) The quantity of traditional camera film demanded decreases. D) allocatively efficient. D) incorporates substitutions by consumers when prices of specific products fall rapidly. C) Brazil's GDP. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. D) increased business taxes. D) 15%. D. A movement from the production possibilities curve to a point inside the production possibilities curve. B) discouraged workers D) both U.S. GNP and German GDP. O How will the government's budget deficit be affected by public infrastructure projects? A) Economic efficiency A. B) teachers' salaries paid by a local government D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. Macroeconomics Basics. C) after regular office hours. Economics promotes which of the following as the way to make the best decision? C) the loss of economic surplus when the marginal benefit equals the marginal cost of the last unit produced. Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. Combinations of production that are unattainable, given current technology and resources. B. still have an economic problem. The result is a shift in the aggregate demand curve to the left. What determines the growth rate of gross domestic product? Which of the following is an example of a "how much" decision? The study of national economy as whole. D) The "Lucky Ducky" casino buys a new crabs table for the casino floor. B) What determines the production of video game consoles? Which one of the following is a macroeconomic issue? 60 seconds. A) taxes; interest rates B) European countries offer higher unemployment benefits than the United States. D) Lily purchases a new massage table for use in her therapy center. Answer: B Use the following diagram to answer questions 36-39: 36. A) at prices that violate government price regulations. D. None of these choices are correct. The company allocates indirect costs based on the following activities: EstimatedEstimatedQuantityActivityCostAllocationBaseofAllocationBaseAdmission$60,000Numberofadmissions20,000Cleaning240,000Cleaningdirectlaborhours100,000Grooming80,000Groomingdirectlaborhours4,000Totalindirectcosts$380,000\begin{array}{lclc} Adam Smith's invisible hand is now called A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. b. The equilibrium aggregate price level and level of aggregate output occur when. b. Caveat emptor &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ D. People should not buy imported fruits and vegetables. C) gross domestic product of the United States. B) movement along the demand curve due to a change in relative prices. A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. Macroeconomics is a branch of economics that depicts a substantial picture. C. Congress increased the minimum wage rate in January. A. 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. B) increasing taxes or decreasing government purchases. The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . D) the reduction in economic surplus resulting from not being in competitive equilibrium. Question: Which of the following is an illustration of a macroeconomic question? C) during an expansion. Why is the economy of India growing? C) ensure safe imports. A) cyclical Prelims Marathon - Economic Survey - March 1st - 2023. B. A) the money supply and interest rates that automatically increase or decrease along with the business cycle. B. the possibility of inefficient production. A) an increase in the money supply and a decrease in interest rates C) an increase in unemployment insurance payments C. maintain equilibrium in the Balance of Payments. Which of the following would be included in the gross domestic product for 2016? Which of the following is not one of the three core economic issues that must be resolved? B) one's property rights. C) continually declined. How do you go about weighing the alternatives? A. income; available D) All of the above will occur.
Question: Which of the following is macroeconomic issue ? - Mcqs Clouds B) increases; decreases Which of the following explains why many European countries have unemployment rates that are higher than in the United States? What goods and services to producehow will these goods and services be produced; and who receives them? B. When the laws about civil commitment emerged, d. Choose the correct option.
MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books B) relative abundance of labor and capital. 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) there is a decline in the price level. The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. What determines the growth rate of gross domestic product? D) decrease the number of persons in the working-age population. B. Production possibilities curve will shift inward. 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? Timer Bonus. B.
MCQs on Basic Economics - GeeksforGeeks Total the statement columns, compute net income (loss), and complete work sheet. O a False O b. B) when real GDP is above but close to potential GDP. C. Technology is lost. The size of the underground economy would tend to decrease if the government of a country __________________ Expansionary fiscal policy involves
1. Which of the following explains why the unemployment rate could