This month, the company supplied the same quantity of binders at $4 per unit. Q. b. B) the economy produces only two products. C) builds another assembly plant in the United States. C) the price of sailboats increased and the quantity of sailboats demanded decreased." A. 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? Should the government put a tax on alcohol in an attempt to reduce highway fatalities? What is the standard deviation of this random variable (i.e., the risk of being late)? D) about the same difficulty as with monetary policy. C) real GDP in 2016 was less than real GDP in the base year. A) the unemployment rate increased. B. D) decrease the number of persons in the working-age population. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . B) European countries offer higher unemployment benefits than the United States. B. Should the government attempt to influence the interest rate to lower inflation? The market mechanism at work. Have the most political power.
Answered: Which of the following is a | bartleby 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 D) a bridge purchased by the state government. A. consumers dictating to firms what they need most. This change will______________ d. Ceteris paribus, Which of the following is not an opportunity cost of attending college? The economy may be in equilibrium. D. it intensified competition. Rational cost The production possibilities curve between tanks and automobiles will appear as a straight line. C) The quantity of inkjet printers demanded increases. d. identify possible solutions. B) an increase in the number of manufacturers of electric cars. C) complete 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 Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). 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. A) increase the measured unemployment rate. D) efficient central planning. The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier. B) the value of all cars produced by Ford in Mexico In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. A) Governments interfere with the market mechanism to influence the allocation of goods and services. C) What factors determine the price of Oreo cookies? D. Laissez faire. B) increases; decreases D) movement along the demand curve due to a change in purchasing power brought about by the price change. a. Annes Newton - G00378073- ECON QUIZ 2. C. Lassiez faire price policies. D) depreciation. 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 _______________ C) there is a decline in the price level. a. C) any level of the two products that the economy produces is currently possible. 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) the value of all cars produced by General Motors in the United States C) a decrease in the unemployment rate
Solved Which of the following is an illustration of a | Chegg.com C) lower; higher Maximum combinations of goods and services an economy can produce given its available resources and technology. B. Technological progress has made it possible for firms such as Apple and Alivecor to develop small electronic devices, including smartwatches, smartphones, and products that can be attached to the smartwatches and smartphones, to serve consumers who have become more health conscious and wish to monitor various health conditions. D) The purchasing power of your salary increased between 2007 and 2016. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? E. consumers and firms choosing which goods and services to buy or produce. All of the following events would have this effect except C. Maximum combinations of goods and services an economy can produce given unlimited resources. C. The government should subsidize solar power for homeowners. B) Trade Without Borders. a. b. c. Opportunity costs are zero A(n) ________ is represented by a rightward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve. In the past two decades the United States lost its comparative advantage in automobiles to Japan. A. D. People begin to retire at earlier ages. How consumers make purchasing decisions c. Inflation, unemployment, and economic growth d. Final decision making A Laws and regulations. Determine the following. D) 5%. C) risen; risen D) discretionary fiscal policy; conscious fiscal policy. A. A) Anytime you have to decide which action to take you are facing an economic trade-off. What kind of unemployment is Sarah experiencing?
Which of the following is not a microeconomics topic? (Select all that E) too low. C. Should the government prevent the merger of two large firms? B. how to make money in a market economy. B. MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . Which of the following correctly describes the relationship between economic efficiency and economic equity? Answer: (D) The economy as a whole. D. topics such as unemployment, inflation, and economic growth. C) No, the recession will most likely be short-lived and I can get a job after it is over. D. the choices people make to attain their goals, given their scarce resources. You are investigating the punctuality of the airlines in Asia. Which of the following is a macroeconomics question? A) the law of supply has been violated. A) stayed roughly the same. An oligopolistic industry consists of only two firms, Angel& C. when something will be produced; why something will be produced D) GNP plus depreciation. It is an example of the coincidental fallacy B) made over-the-counter drugs illegal. Which of the following explains why many European countries have unemployment rates that are higher than in the United States? A) he tax cut would increase consumption spending less than would a permanent tax cut. A) The federal government buys a Humvee. A. unlimited wants exceed limited resources. Que10. C) a change in consumer income.
Macroeconomics | Economics Quiz - Quizizz C) a decrease in the price of lithium, which is used in the electric car batteries. A) employed 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. All of these O b. You earn _________ How can a firm maximize profits, given the state of the economy? If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? C) Producer efficiency Scarce resources and opportunity cost. 60 seconds. B) discouraged workers B. D) Producer surplus measures the total benefit received by producers from participating in a market. A) Individual income taxes; corporate income taxes B. c. determine the objective. D) decreases; decreases.
Micro midterm chapter 1 Flashcards | Quizlet (b) the level of aggregate demand determines production, employment,. 7 Principles of Macroeconomics- Chapter 1 C) increase flows (2) and (3) and reduce flows (6) and (7). Which of the following statements about positive economic analysis is true? The money-creating potential in the banking system in the given case is computed as follows: C) decrease the number of persons in the labor force. Microeconomics questions and answers Refer to the following graphs to answer the question below. b. Suppose in 2016, you purchase a house built in 2003. A.
Given the following data, what is money creating potential in this You earn $35,000/year in your first job in 2016. Alexander Holmes, Barbara Illowsky, Susan Dean, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. CONCEPT Equilibrium The government will probably implement expansionary macroeconomic policies. B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. D) All of the above will occur. B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale. D) legalized marijuana. ___________ (movement of disabled individuals out Electric car enthusiasts want to buy more electric cars at a lower price. D) The federal government cuts taxes to stimulate the economy. B) when real GDP is above but close to potential GDP.
ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape A) decrease the required reserve ratio. C) consumer surplus is minimized answer choices. C. A movement from inside the production possibilities curve to a point on the production possibilities curve. D) A drug dealer reports herself as unemployed. A) decreased government regulations on businesses. Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years? What goods and services to produce; how will these goods and services be produced; and who receives them? B) fallen; risen Factors of production and price signals. [Identify the impact of your changes to the income and corporate tax rates.
Which of the following is not a function of money? Group of D) people do not find jobs instantaneously. A. Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. 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? When the variable measured along the x-axis and the variable measured along the y-axis move in the same direction, it indicates a ________ relationship between the two variables. D. Allocative efficiency. Combinations of goods and services an economy is actually producing. C) after regular office hours. 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? The following macroeconomic projected return models =. From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely ________ B) GDP is not affected by Scott's production of the jewelry box. If market signals result in pollution beyond the optimal level, then A) the supply curve shifted to the left resulting in an increase in the equilibrium price. C) Yvette pays $50 to join a softball league. More teenagers enter the labor force. The ability to exercise control over one's own resources within the confines of the law refers to Government intervention may achieve a more optimal outcome than the market mechanism when addressing D) decrease; less. . B) movement along the demand curve due to a change in relative prices. In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending D) Unlike positive economic analysis, normative economic analysis can be tested. D. workers deciding to produce only what the boss says must be produced. C) wages are higher.
TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu To learn a way of thinking D. what will be produced; how something will be produced; ________ is a situation in which a good or service is produced at the lowest possible cost. B) portray reality in all its minute details. C) a decrease in taxes Factors of production and price signals. Preparation and presentation of Budget for state governments under President's Rule 3. C) increased income tax rates. Timer Bonus. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. Equity A mixed economy D-Positive Which of the following is the best example of land? B. still have an economic problem. B. C. Theme park construction. D. The best alternative use of your time. c. Focuses on how a business should function a. . Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ B. microeconomics. PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. A) the Income Security Tax. B) There will be an increase in the quantity of labor demanded by firms. D. the government, consumers, and producers B) The purchasing power of your salary fell between 2007 and 2016. The ________ effect of a price change refers to the impact of a change in the price of a good on a consumer's purchasing power c. The price of gasoline B) frictional unemployment equals zero. C) implementing an unemployment insurance policy A) ice cream and hot fudge are complements. a. C. Market success. The size of the underground economy would tend to increase if the government of a country ________________ A) the free market. a. The minimum wage law causes unemployment. Which of the following is an example of government failure? \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ It converts normative analysis into positive Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. D) the demand curve shifted to the left resulting in a decrease in the equilibrium price.
Solved Which of the following is a macroeconomics question - Chegg The income effect of a price change results in a _________
The following macroeconomic projected return models Econ Chapters 1 - 3 Flashcards | Quizlet Economics involves allocating resources to meet peoples' needs and desires for goods and services. D) The quantity of inkjet printers demanded decreases, Last month, the Tecumseh Corporation supplied 400 units of three-ring binders at $6 per unit. D) implicit. Option b: This option is incorrect because medium of exchange is a function of money as money is used to exchange goods between buyer and seller. D) ceteris paribus. Th View the full answer C) ensure safe imports. MULTIPLE CHOICE QUESTIONS TESTBANK - CHAPTER 3. B) the consumer surplus received from purchasing a given quantity of a product. To move the economy back to potential GDP, Congress should ______________ A) attainable Technological advancements have led to lower prices and an increase in the sale of color laser printers. B) greater on the seller when the tax is collected from the seller. The market mechanism A. producing more of one good means less of another good can be produced. C) a discouraged worker D. Price regulation by government. 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 An undesirable combination of goods and services. If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. d. It does not consider those who were laid off due to . The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as B) higher; lower B. Economists reason that the optimal decision is to continue any activity up to the point where the. B. (B) important rather than trivial issues. B. a nation's poverty level increases faster than its population. \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ C) The federal government pays out an unemployment insurance claim. Is the economy experiencing a decline in the rate of inflation? How does the increasing use of digital cameras affect the market for traditional camera film? To understand society and global affairs A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease.
Which of the following is a microeconomic question? a. What are the A) falls; Marla's work takes place in the underground economy once she's married b. unit contribution margin. A technological advance would best be represented by To Liza, B) updates the market basket every 10 years, rather than every two years. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. A. D) The government imposes taxes on those who earn beyond a certain amount of income.
Question: Which of the following is an example of a macroeconomic question? B) continually risen. Classify the following topics as relating to microeconomics or macroeconomics. President Obama has discussed raising income taxes for individuals earning over $250,000 in income. B. Undiscovered natural resources. B) partial A) a decrease in supply. Solve homework. D) the Western Trade Union. B) teachers' salaries paid by a local government B) GDP minus depreciation.
MCQs on Basic Economics - GeeksforGeeks C) decrease oil prices. D) decrease tax rates. C) an autonomous; an induced D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? 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. C) an increase in taxes D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? C) The demand for video game consoles would decrease because consumers could afford to buy fewer LCD televisions and video game consoles. b. B. 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. C. economies of scal. 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? Profit opportunities are eliminated almost instantaneously D. the choices people make to attain their goals, given their scarce resources. Which of the following transactions would be recorded in the French current account of its balance of payments statistics? C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. D. There is no conflict between the two goals. B) substitution D) incorporates substitutions by consumers when prices of specific products fall rapidly. Is a normative analysis
Which of the following is not a macroeconomic question? A. Should the If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would ________ Answer: B Use the following diagram to answer questions 36-39: 36. C) the loss of economic surplus when the marginal benefit equals the marginal cost of the last unit produced.
Macroeconomic Questions Flashcards | Quizlet 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 The purchasing. C. Eliminates market failures by government. C. the tendency of many economic variables to move together in a predictable way over the business cycle. The phrase "demand has increased" means that ___________
Macroeconomics MCQ: Multiple Choice Questions C. Market mechanisms and lassiez faire. C) there are not enough jobs for everyone who wants one. D. Production of nonmilitary goods will decrease. A) decrease the measured unemployment rate. C) goods and services. C. how to make money in the stock market. C) How does Fiat decide on the price of the 500 Pop model? A sharp rise in the price of vegetables. A) less difficult than with monetary policy. D) decreasing the money supply and increasing interest rates. D) GDP falls by $1,875. B) those that lend money lose. ECO111 Quizz 01 FALL 2021. D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called Economics is concerned with prices and quantities of goods and services, both at the individual. Cadre Management for Indian Economic Services C) GDP rises by $125.
[Solved] Which of the following is least likely to benefit the civilian A) frictional unemployment A) the nominal interest rate plus the inflation rate. How do you go about allocating your time in a given day among competing alternatives? 9 Questions. A) the firm has an incentive to increase supply now and decrease supply in the future. C) cyclical unemployment b. D) Japan has abundant supplies of natural resources needed to produce automobiles. c. Post hoc, ergo propter hoc there is a current account surplus. This means B. the global economy. The real rate of interest is ______________ C) GDP deflator The term economic system refers to the way in which a society organizes the production and distribution of good and services.
Which of the following is a macroeconomic question? A. What determines A. Reading Period 10 minutes . a. B. B) the bread that Subway purchases for its sandwiches C) the economic surplus received from purchasing a given quantity of a product. C) Discouraged workers are not counted as unemployed. Maximum combinations of goods and services an economy can produce given its available resources and technology. (b). b. A) total employment is greater. Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? This means. B) Canada's GDP. A. achieve full employment. iii. B) there is a one-time increase in the price level. 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? By how much and in what direction does GDP change as a result of his efforts? Every society faces economic trade-offs. B. Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance? B-Postive D. What goods and services should we produce? d. Should we have economic growth? Which field of economics deals primarily with the problems faced by low-income countries? C. All points inside the curve. D. constant opportunity costs as more and more of one good is produced. A) urniture 1. A) U.S. GDP. B) 2.5% Suppose that nominal GDP in 2016 was less than real GDP in 2016. d. Why do some countries grow faster than others? According to the text, economists consider full employment to occur when One can conclude that D) the payroll tax. D) a slowdown in the economy. Explain the pitfall of this statement. Marla is an architect who is designing a home for Chuck. 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,. A) gross domestic product of Canada. 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. How is the production quantity of snowboards determined?
PDF Questions and Answers - Damanhour A) everyone who wants a job has a job. 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. A. A. C) greater on the buyer when the tax is collected from the seller and greater on the seller when the tax is collected from the buyer. B. stabilize the price level. D) do not change; underestimates. The price of steel declined by 3% last year. the person is unable to care for himself or herself, also A) When will the government better secure the borders? Deadweight loss refers to How many airlines will be late in one month? b.
Annes Newton- macro economics quiz 2 - Annes Newton - G00378073- ECON The result is a shift in the aggregate demand curve to the left. A. The production possibilities curve between tanks and automobiles will shift outward. Capital, as economists use the term, refers to. a. B) Individual income taxes; social insurance taxes The government should reduce the tax burden to help small business. D. Economic growth and market failure. A) increasing government purchases or decreasing taxes. Select one: a. D) on foreign soil. D) unemployed persons falsely report themselves to be actively looking for a job. Economics promotes which of the following as the way to make the best decision?
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