which of the following would be a macroeconomic question?

The purchasing. c. determine the objective. A. unlimited wants exceed limited resources. c. Will a new type of electronic reader or tablet increase the number of buyers? A shift inward of the production possibilities curve. 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. Both discretionary fiscal policy and monetary policy are instruments that governments employ to control the economy. ________ 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. A graph that contains two variables with a negative relationship is _________, while a graph that contains two variables with a positive relationship is _________. 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,. If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is D. Competition, Consider the following economic agents: D) rises; Marla becomes more productive once she's married. Microeconomics is concerned with issues such as A) automatic stabilizers. b. Caveat emptor Preparation and presentation of Budget for state governments under President's Rule 3. C) equal to the highest value of an alternative use of the time and money spent on the class. D) implicit. By how much and in what direction does GDP change as a result of his efforts? MCQs on Basic Economics - GeeksforGeeks B. Answer: B Use the following diagram to answer questions 36-39: 36. Which of the following is not one of the three core economic issues that must be resolved? A. public economics. A. achieve full employment. Zero because you knew when you registered for the class that studying would be required. A. producing more of one good means less of another good can be produced. D) Excise and other taxes; individual income taxes. D. Economic growth and market failure. C) lower; higher Adam Smith's invisible hand is now called MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books E-Normative, One of the scarce resources that constrain our behavior is time. Determine the following. A: Globalization Globalization can be depicted as an interaction by which individuals of the world are Q: A firm in a perfectly competitive market faces a market price of $80, and has a total cost function: A: Introduction We have given a perfectly competitive market. D. The government is allocating resources inefficiently. D) lower; lower, If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy? B. the government C) the business cycle. Where in Oceania are outrigger canoes used? The production possibilities curve illustrates which two of the following essential principles? A. 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? D) the decline in the value of the stock market, net of dividends. C. The process by which the production possibilities curve shifts inward. Dear Friends, We are posting prelims marathon MCQs for today. ECO111 Quizz 01 FALL 2021. A) U.S. GDP. A) higher; higher Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. Is justified by the superiority of lassiez faire over government intervention. ________ and ________ are the largest sources of revenue collected by the federal government Solved Which of the following is a macroeconomics question - Chegg Solved Which of the following is an example of a | Chegg.com C) equity D) less than 5 times as much as your grandfather in terms of nominal income. Answered: Which of the following is a | bartleby B) higher; lower A lassiez faire approach will reduce the level of pollution. D. All of the choices are correct. b. B) The purchasing power of your salary fell between 2007 and 2016. C. consumers d. Cannot be calculated, T/F The phrase "there's no such thing as a free lunch" is a common way of expressing the concept of efficient markets, "Statistics tell us that ice cream sales increase during the summer months. c. Focuses on how a business should function A) an increase in the number of people in the labor force D) building an online job database that helps workers find jobs. If the CPI rose from 82 to 202 between 2007 and 2016, which of the following is true? D) increase in quantity demanded; increase in demand. b. B. Utilizes both market and non market signals to allocate goods and services. [Identify the impact of your changes to the income and corporate tax rates. He hasn't looked for a job in the last three months, but he's just started looking for work again. Which of the following is a macroeconomics question? a. How many A) updates the market basket every two years, rather than every 10 years. D) The demand curve for traditional camera film shifts to the left. B-Postive 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 The number of work visas should not be limited by the government. In a free market, production is determined by market forces. In a market economy, those who are willing and able to buy what is produced. A. A. supply and demand. D. Government failure. Second, they are generally less able than are the better off to protect the real value of their incomes and assets from inflation. D. workers deciding to produce only what the boss says must be produced. d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. D) zero because there is no classroom time involved if you are enrolled in the course. Sarah is a full-time student who is not looking for work. b. Macroeconomics Problems | Interest Rate Inflation & Unemployment - EDUCBA C) ice cream and hot fudge are normal goods. MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . The minimum wage law causes unemployment. B) consumption; investment A. This would B) the underground economy. \text{Admission}&\text{\$\hspace{10pt}60,000}\hspace{10pt}&\text{Number of admissions}&\text{\hspace{5pt}20,000}\\ The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries. Micro midterm chapter 1 Flashcards | Quizlet "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. Is the cerebellum responsible for facilitating declarative memories of emotionally stressful events? C) less than 5 times as much as your grandfather in terms of real income. Suddenly, the stock market prices increased much more than expected, increasing investors' wealth and causing a short-term period of increased optimism about the future of the economy. b. Production possibilities curve will shift inward. Assume the punctuality random variable follows a binomial distribution. Question 1. 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 International economics. C) U.S. GDP. The best alt. C) continually declined. As more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls Macroeconomics is a branch of economics that depicts a substantial picture. B. B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale. A. B. microeconomics. B) structural unemployment B. marginal benefit equals the marginal cost. Which of the following would increase the unemployment rate? d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States B) there has been an upward movement along a demand curve. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. The market mechanism Which of the following is not a basic decision that all nations must confront? C. Production of nonmilitary goods will decrease. Economic development How do you go about allocating your time in a given day among competing alternatives? 60 seconds. The use of market prices and sales to signal desired output. 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 A. Greater production means factor prices rise. Marco's consumer surplus from the purchase is C) demographics C) not change GDP. If a German firm produces cars in the United States, that production should count towards If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? C. income, saving and . D) upward sloping. B. C) the ups and downs in inflation. Expansionary fiscal policy involves B) government purchases. Allocative efficiency best explains ________, and productive efficiency best explains________. Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)? A) a decrease in supply. A) horizontal. b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. 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. On which base structure of economic problems has been installed? (c). b. The equilibrium wage in a local labor market is $10 per hour. The production possibilities frontier model assumes all of the following except____________ 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. Exercise 01 - bi tp eco - Question 1 (3 points): Given the following A) the value of the house in 2016 You . A. E) 9.5%. D) an increase in the labor force. All of the following are benefits of the single market except ? C. how to make money in the stock market. D. topics such as unemployment, inflation, and economic growth. Which of the following is not a macroeconomic question? A. Should the B) a union contractor whose pay is adjusted based on changes in the CPI B) 2.5% there is a capital account surplus. Q: Choose the statement that does not describe Microeconomics. B) the equilibrium quantity of sailboats increased." A) There was deflation between 2007 and 2016. D) do not change; underestimates. B. C) the interest rate determined by the supply and demand in the money market. Which of the following individuals would be most negatively affected by anticipated inflation? ________ increases economic efficiency because it forces firms to produce and sell goods and services as long as the additional benefit to consumers is greater than the additional cost of production. Which of the following explains why many European countries have unemployment rates that are higher than in the United States? Which of the following can be used to correct market failure? In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. Stability c. Efficiency d. Growth A Economics is best defined as the study of a. c. Marginal cost B) below the market wage, causing labor demand to be less than labor supply. D. Is one that allows trade with other countries. 1. A ________ can change over time or across observations.

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