which of the following would be a macroeconomic question? which of the following would be a macroeconomic question?

C) increased income tax rates. A. supply and demand. D) a bridge purchased by the state government. 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. 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 A) nondurable goods; durable goods D. Economic growth and market failure. 1 #7. C) The demand curve will shift to the right. Need the goods and services the most. An undesirable combination of goods and services. D. the government, consumers, and producers C) productively efficient B) the value of the house in 2003 Lower disposable income decreases consumption at every price level. Step-by-step explanation. D) lower taxes by $200 billion. A) increase the measured unemployment rate. A) the value of worn-out equipment, machinery, and buildings. The income effect of a price change results in a _________ A) U.S. GDP. The ability to exercise control over one's own resources within the confines of the law refers to Technological advancements have led to lower prices and an increase in the sale of color laser printers. A technological advance would best be represented by 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. Works through central planning by government. B. If market signals result in pollution beyond the optimal level, then Which of the following is a normative economic statement? \\\hline A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. B) movement along the demand curve due to a change in relative prices. B) there is a one-time increase in the price level. Is very narrow endeavor D) zero because there is no classroom time involved if you are enrolled in the course. C. unlimited resources exceed limited wants. The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. 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. Buyers will bear the entire burden of a unit tax if the demand curve for a product is b. B. Combinations of goods and services an economy is actually producing. D) $200. Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? that negatively affect an individuals health and safety, A) personal income minus personal taxes. D) No, the recession will have no impact on my ability to get a job or my future income. Which of the following transactions represents the purchase of a final good? B) increase in demand; increase in quantity demanded The number of work visas should not be limited by the government. D. Laissez faire. C) goods and services. Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. The correct answer is C. Explanation: Macroeconomics tries to know and measure an economy goes, how well it is performing. The use of market prices and sales to signal desired output. C. Maximum combinations of goods and services an economy can produce given unlimited resources. The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . A) a decrease in supply. A) increase; more a. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase. B) GDP minus depreciation. Calculate the predetermined overhead allocation rate for each activity. A) buys a new robotic machine (from a plant in Ohio) to assemble cars. Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? A) The supply curve will shift to the left. Economics teaches how to limit our wants. B. Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness? C. What will be the prices of goods and services; how will these goods and services beproduced; and who will receive them? Use the following (partial) chart of accountsaccount numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). c. producers Producers are using inventory faster than it can be replaced. Profits are always very high and persistent D) the same whether the tax is collected from the buyer or the seller. How were consumption and investment affected . B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. C) U.S. GDP. A) Many full time workers really want to be part time workers. Cutting taxes _______ in the blanks. B) an increase in supply. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as A. c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. C) Their value is counted separately, but is not included as part of the value of the final good for which they are an input. D. Works because prices serve as a means of communication between consumers and producers. A) higher; higher Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. The best alt. A) horizontal. Which of the following events would allow the production possibilities curve to shift outward? D) will raise disposable income and raise spending. The Federal Aviation Administration is considering increasing the number of takeoff and landing slots available at Ronal Reagan Washington National Airport A) the value of all cars produced by General Motors in the United States The marginal propensity to consume (MPC . The government should reduce the tax burden to help small business. D) depreciation. B. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. B. Total the statement columns, compute net income (loss), and complete work sheet. A. a. These are: A. income, spending and saving. D) allocatively efficient. d. All of the above Start. The price of steel declined by 3% last year. D) an increase in oil prices. A. D) A drug dealer reports herself as unemployed. C) an increase in the quantity supplied. D) an increase in the labor force. What is the impact of competition on the profits of a business? Which of the following best describes an assumption economists make about human behavior? d. Why do some countries grow faster than others? Minimum wage laws cause unemployment because the legal minimum wage is set c. functional costs. b. c. What were some of the reasons that the Egyptian government built the Aswan High Dam? Question 20. On which base structure of economic problems has been installed? c. The price of gasoline Compared to their pre-trade positions, trade makes both countries better off because in each country B) gross national product of Canada. The real rate of interest is ______________ c. Will a new type of electronic reader or tablet increase the number of buyers? Households and firms; the economy as a whole, T/F Resources are limited in both wealthy and poor societies, All of the following are criteria frequently applied in judging economic outcomes except, Economics is best defined as the study of, The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the __________ is a horizontal line and the __________ is a vertical line. C) builds another assembly plant in the United States. A) employed C) the price of sailboats increased and the quantity of sailboats demanded decreased." B) add to GDP. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. Which of the following would be the best measure of the cost of living? They always call for opposite outcomes. C) a 12-inch Subway sandwich purchased by a student B) Laurence rents a car to drive to a wedding in San Diego. Go to Memorandum. All of the following are benefits of the single market except ? a. a. It considers discouraged workers, and hence it is overstated. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. A) cyclical D. Al of the choices are correct. Find the following limits: (a) limnn\lim _{n \rightarrow \infty} \alpha_nlimnn, (b) limnn\lim _{n \rightarrow \infty} \beta_nlimnn, (c) limn(3n+4n)\lim _{n \rightarrow \infty}\left(3 \alpha_n+4 \beta_n\right)limn(3n+4n), (d) limnnn\lim _{n \rightarrow \infty} \alpha_n \beta_nlimnnn, (e) limnn/n\lim _{n \rightarrow \infty} \alpha_n / \beta_nlimnn/n, (f) limnnn\lim _{n \rightarrow \infty} \sqrt{\beta_n-\alpha_n}limnnn. Key Takeaways. Given this information, we know for certain that ________ (C) how individual markets work. d. sensitivity analysis. C) GDP rises by $125. A. producing more of one good means less of another good can be produced. 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 C. Production of nonmilitary goods will decrease. A) When will the government better secure the borders? C) wages are higher. D) efficient central planning. D. Average combinations of goods and services an economy can produce given its available resources and technology. A) the knowledge and enjoyment you receive from taking the class. B) higher; lower C) decrease the number of persons in the labor force. B) Persons who collect unemployment benefits report themselves to be searching for a job. Should the government attempt to influence the interest rate to lower inflation? Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance? d. A) the money supply and a decrease in interest rates. B. A. Where in Oceania are outrigger canoes used? B. c. Industrial organization C) any level of the two products that the economy produces is currently possible. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. Mike has been unemployed for over a year. D. All of the choices are correct. This month, the company supplied the same quantity of binders at $4 per unit. How does this affect the market for traditional inkjet printers? B) an increase in government spending 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? (Round percentages to one decimal place.). A) The federal government passes tax cuts to encourage firms to reduce air pollution. C) Discouraged workers are not counted as unemployed. They've told our detectives they have no interest in ever putting in the barriers.". a. D) an increase in consumers' taste for coffee. Fill in the columns for the GDP deflator and for the percent . D) a contractionary; an expansionary. a. Ockham's razor National income is equal to 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. Both discretionary fiscal policy and monetary policy are instruments that governments employ to control the economy. 9 Questions. c. Focuses on how a business should function c. It eliminates the need for abstraction or simplification E. consumers and producers. B) below the market wage, causing labor demand to be less than labor supply. 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 Timer Bonus. The opportunity cost of taking an on-line history class is D) out of the labor force. B) government spending and taxes that automatically increase or decrease along with the business cycle. A) below the market wage, causing labor demand to be greater than labor supply. Question: Which of the following is an illustration of a macroeconomic question? Will a cut in the interest rate increase Canadian output? ECO111 Quizz 01 FALL 2021. Equity b. C) Producer efficiency 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. c. Is it sensible for a government to subsidize tobacco production? Second, they are generally less able than are the better off to protect the real value of their incomes and assets from inflation. 60 seconds. D. topics such as unemployment, inflation, and economic growth. Micro Economic 100% (2) 176. A) will lower disposable income and lower spending. D. Jenny's wage rate rose, and in response, she decided to work more hours. c. Marginal cost C) there has been a downward movement along a demand curve. a. D) consumer price index. The market mechanism may best be defined as A) everyone who wants a job has a job. B. how to make money in a market economy. Choose 1 answer: Hors many smartphones should Samsung produce this quarter? Question 1. a. B) fallen; risen A) There will be an increase in unemployment. D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized. D) The federal government cuts taxes to stimulate the economy. &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ b. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. A city's decision to limit smoking in public areas is an example of (b). "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. P = $80 In perfect competition, P = AR = C) less than 5 times as much as your grandfather in terms of real income. A) shift of the demand curve when income changes. A) Individual income taxes; corporate income taxes of mental institutions) and ___________ (movement C) those that hold paper money lose. b. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. c. determine the objective. B) the firm has an incentive to decrease supply now and increase supply in the future. A) higher; higher Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. He is willing to pay $200 for the dozen fish, but buys them for a total of $140. Compose a sentence using the following word. c. Florida should devote all revenues from its state lottery to improving public education D) a decrease in the quantity supplied. The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2013 and 2014. \text{Total indirect costs}&\text{\underline{\underline{\$\hspace{5pt}380,000}}}\hspace{10pt}\\ C) by the same amount as Which of the following is a microeconomics question? C. The process by which the production possibilities curve shifts inward. When the laws about civil commitment emerged, D) 5%. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ To understand society and global affairs 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 ________. If the United States decides to convert automobile factories to tank production, as it did during World War II, but finds that some auto manufacturing facilities are not well suited to tank production, then Determine the following steps in preparing a work sheet in their proper order by writing numbers 1-5 in the blank spaces provided. The result is a shift in the aggregate demand curve to the left. The police were surprised the bank did not take their advice. (b) the level of aggregate demand determines production, employment,. B) The quantity of traditional camera film demanded decreases. b. select the best possible solution. C) automatic stabilizers; monetary policy c. Falls victim to "post hoc, ergo propter hoc." Microeconomics focuses on supply and demand . known as ___________ Mental illness is a(n)___________ concept, typically D) both U.S. GNP and German GDP. D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called B) discretionary fiscal policy; automatic stabilizers The economy's capital stock declines. A. A. Every society faces economic tradeoffs. C) continually declined. The New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers called "bandit barriers." It does not consider discouraged workers, and hence it is understated. Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). B) structural a. Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. B. Individual consumers. c. Labor economics answer choices. A. A. a. A. Real domestic output is at its maximum level. The Government will decrease spending by $20 million and increase taxes by $15 million. d. Public economics. E) Discouraged workers are counted as unemployed. Commits the fallacy of composition B) decrease government spending. D) durable goods; nondurable goods, How are intermediate goods treated in the calculation of GDP? A) change; overestimates Number of employees in the steel industry B. the possibility of inefficient production. Because Mike started looking for a new job ______________ B) discouraged workers Which of the following can be used to correct market failure? C) opportunity D) legalized marijuana. Which one of the following is not a key people behind macroeconomics? A. producing more of one good means less of another good can be produced. A) Micah purchases a new wrench for his auto repair business. Solve homework. The production possibilities curve illustrates which two of the following essential principles? C. Optimal marginalism . This means D) the decline in the value of the stock market, net of dividends. Raising the income tax decreases the amount of disposable income available to those households. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . Electric car enthusiasts want to buy more electric cars at a lower price. A) urniture A) frictional unemployment A) decrease the required reserve ratio. B) the underground economy. a. Th View the full answer The size of the underground economy would tend to increase if the government of a country ________________ C. How is the production quantity of snowboards determined?