which of the following would be a macroeconomic question?shriner funeral ritual

D) all of the above. Which of the following transactions represents the purchase of a final good? You . Which of the following is an example of spending on goods and services in the circular flow model? A. unlimited wants exceed limited resources. This tax is sometimes referred to as Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance? A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe. PDF Questions and Answers - Damanhour How much will be saved; what will be produced; and how can these goods and services be fairly distributed? D) 3.5% C) NAFTA. It does not consider discouraged workers, and hence it is understated. A) Starbucks purchases coffee beans. D) the nominal interest rate. B) teachers' salaries paid by a local government Which of the following would be the best measure of the cost of living? A) Positive analysis uses an economic model to estimate the costs and benefits of different course of actions. This means. B) a union contractor whose pay is adjusted based on changes in the CPI c. Is it sensible for a government to subsidize tobacco production? D) GDP is adjusted for increases in drug addiction. B. MCQs on Basic Economics - GeeksforGeeks Question 20. D. the choices people make to attain their goals, given their scarce resources. The higher price caused the supply of sailboats to increase.". c. Falls victim to "post hoc, ergo propter hoc." 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? A) The demand curve for traditional camera film shifts to the right. 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? Economic development Step-by-step explanation. The economy may be in equilibrium. D. The best alternative use of your time. Show more. MACROECON CH 1 Flashcards | Quizlet C) an increase in taxes D. All of the choices are correct. C) increased income tax rates. D. The person who has the responsibility to coordinate all the markets in a market economy. Is way of analyzing decision-making processes caused by scarcity D. it intensified competition. B. B) portray reality in all its minute details. Which of the following is a macroeconomics question? that negatively affect an individuals health and safety, C. Relies on the use of central planning by private firms rather than the government. B) the equilibrium quantity of sailboats increased." D) Excise and other taxes; individual income taxes. C. Technology is lost. D) decrease the number of persons in the working-age population. A) average price levels of goods and services in the economy. C) the value of the addition to the capital stock. B. Undiscovered natural resources. Guns and butter can be produced using the same resources at the same time. D. None of these choices are correct. Every society faces economic tradeoffs. C) Corporate income taxes; excise and other taxes C) automatic stabilizers; monetary policy A) increase; more D) the legally determined maximum price that sellers may charge for a given quantity of a product. B) Japan has abundant supplies of labor. A. b. Posted on March 1st, 2023 Last modified on March 1st, 2023 Comments. What is the standard deviation of this random variable (i.e., the risk of being late)? Therefore, exercising daily causes people to eat kale. D) the reduction in economic surplus resulting from not being in competitive equilibrium. Expansionary fiscal policy involves B-Postive If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? B. If inflation is positive and is perfectly anticipated ____________ One can conclude that b. (a) 3,6,12,3,6,12, \ldots3,6,12, A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. B) falls; Marla's work becomes less valuable once she's married D) ice cream is a normal good and hot fudge is an inferior good. Macroeconomics | Economics Quiz - Quizizz D) decreasing the money supply and increasing interest rates. D) the plastic bags that Subway purchases to wrap its sandwiches. Which of the following is a microeconomic question? a. What are the C. Theme park construction. [Solved] Which of the following is least likely to benefit the civilian The system that a society chooses reflects the philosophical and political ideas on which that society is founded. D) simplify some aspect of economic life. C. A centrally planned economy B) the firm has an incentive to decrease supply now and increase supply in the future. Automatic stabilizers refer to D) people do not find jobs instantaneously. B) a job retraining program B) higher; lower These firms are reacting to which of the three key economic ideas? When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in 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. B. the global economy. D) 15%. If a German firm produces cars in the United States, that production should count towards Select the phrase that correctly completes the following statement. Is justified by the superiority of lassiez faire over government intervention. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. c. Labor economics Is the economy experiencing a decline in the rate of inflation? C) investment; consumption A) updates the market basket every two years, rather than every 10 years. President Obama has discussed raising income taxes for individuals earning over $250,000 in income. c. As less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises The third equation represents the investment function, where e and k are parameters. A. B) below the market wage, causing labor demand to be less than labor supply. Which of the following is a macroeconomic question? A. How can a firm B. The production possibilities curve illustrates which two of the following essential principles? ii. b. The first stage in the five-step decision process described in the text is to a. define the problem. D) The Federal government pays to support research on AIDS. However, with increased productivity, the economy has more available resources which can be used for non-necessary goods, such as leisure and education. A) total employment is greater. A) frictional unemployment O a. B) Canada's GDP. Household income D) above the market wage, causing labor demand to be less than labor supply. a. A) personal income minus personal taxes. B. It allows researchers to isolate the effect of one event on another without the influence of outside variables The real rate of interest is ______________ D) the price of sailboats increased. c. The price of gasoline 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. \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ C) GDP rises by $125. [Identify the impact of your changes to the income and corporate tax rates. A) no c. To be an informed citizen C. when something will be produced; why something will be produced 2. Start. To move the economy back to potential GDP, Congress should ______________ C) do not change; overestimates Investment, as defined by economists, would not include which of the following? a. It is an example of the coincidental fallacy All of the following are criteria frequently applied in judging economic outcomes except a. MULTIPLE CHOICE QUESTIONS TESTBANK - CHAPTER 3. Scarcity refers to the situation in which. D) will raise disposable income and raise spending. The phrase "demand has increased" means that ___________ i. 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. Why does a firm decide to enter a particular market? C) there has been a downward movement along a demand curve. A) an induced; an autonomous View Answer. B) an increase in quantity demanded. d. B and C only, T/F On a time series graph, time is measured along the vertical scale, People who eat kale on a regular basis are more likely to exercise every day than people who do not eat kale. C) decrease the number of persons in the labor force. . C) clothing C) there are not enough jobs for everyone who wants one. Flow (1) represents: A) wage, rent, interest, and profit income. B. In terms of the production possibilities curve, inefficiency is represented by The term economic system refers to the way in which a society organizes the production and distribution of good and services. B) Consumer efficiency D) The demand curve will shift to the left. The economy's capital stock declines. C) a strong foreign currency exchange rate. In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. Ask an Expert. Grossprofit.Sellingexpenses..Administrativeexpenses.TotaloperatingexpensesIncomefromoperations.Otherincome..Incomebeforeincometax..Incometaxexpense..Netincome.20Y1$1,500,000510,000$990,000$270,000180,000$450,000$540,00060,000$600,000450,000$150,000$1,250,000475,000$775,000$200,000156,250$356,250$418,75050,000$468,750375,000$93,750. A. B. d. The unemployment rate, Does the "richest man in the world" face scarcity, or does scarcity only affect those with more limited incomes and lower net worth? A) an increase in the minimum wage D. macroeconomics. 1. Which of the following explains why the unemployment rate could Electric car enthusiasts want to buy more electric cars at a lower price. B. D. What factors determine the price of electronic cigarettes? What is the impact of competition on the profits of a business? D) an increase in consumers' taste for coffee. The difference between microeconomics and macroeconomics is that microeconomics analyzes the decisions made by _________, while macroeconomics deals primarily with _____________. The market mechanism at work. B) $60. For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. C. Government failure does not exist. Zero because you knew when you registered for the class that studying would be required. D. constant opportunity costs as more and more of one good is produced. B. net benefit Que11. B) Laurence rents a car to drive to a wedding in San Diego. A) 2% International economics. D) seasonal unemployment, Structural unemployment is the result of ____________ D) lower taxes by $200 billion. In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. Individual consumers. Mike has been unemployed for over a year. b. Opportunity cost C. unlimited resources exceed limited wants. C. A surplus of . Profits are always very high and persistent The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. C. Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . Fill in the columns for the GDP deflator and for the percent . The Federal Reserve lowered interest rates at its last meeting. The number of work visas should not be limited by the government. Should you go back to school and get a second major? The use of fixed costs to extract higher percentage changes in profits as sales activity changes involves. e. As a public safety measure, the state of Texas should not pass legislation that allows people with concealed handgun permits to carry concealed weapons on college campuses, A-Positive When the laws about civil commitment emerged, A) inflation. 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) Unlimited Wants C) the economic surplus received from purchasing a given quantity of a product. C) Toby buys a new lawn mower to use in his lawn care business. B. For below problem geometric sequence given write the next three terms. a. D) risen; fallen. Compose a sentence using the following word. Where in Oceania are outrigger canoes used? A. C) legalized prostitution. A. why something will be producedwhat will be produced Historically, there have been three basic types of economic system: traditional, command, and market. A) there is a sustained increase in the price level. B. A) automatic stabilizers; discretionary fiscal policy Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married You earn $35,000/year in your first job in 2016. B) an increase in the number of manufacturers of electric cars. Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. a. B) an expansionary; a contractionary D) quantity of Dell employees. B) 2.5% A) When will the government better secure the borders? B) by more than c. Walmart announced that it will increase its starting wage for employees to $10/hour by Feb 2016 The automobile industry was experiencing the effects of _______ B) there is a one-time increase in the price level. The production possibilities frontier model assumes all of the following except____________ Your grandfather tells you that he earned $7,000/year in his first job in 1961. D) rises; Marla becomes more productive once she's married. Need the goods and services the most. Three Economic Questions: What, How, For Whom? | Encyclopedia.com How has the discovery of oil in the Niger delta affected Nigeria's environment? A) increase the measured unemployment rate. What kind of unemployment is Sarah experiencing? B. a nation's poverty level increases faster than its population. C) the ACIF. 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 production possibilities curve between tanks and automobiles will appear as a straight line. C. The overall economy. Which of the following is not a factor of production? B) greater on the seller when the tax is collected from the seller. A) There will be an increase in unemployment. They've told our detectives they have no interest in ever putting in the barriers.". A. Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. B) vertical. D) consumer price index. D) The purchasing power of your salary increased between 2007 and 2016. Microeconomics is the study of D. Are willing to pay the highest price. Quiz 1: Introduction to Macroeconomics Quiz - Quizizz An oligopolistic industry consists of only two firms, Angel& The demand for bottled water by individuals. C) entrepreneurship. Poorly timed discretionary policy can do more harm than good. C) below; surplus b. D. The government is allocating resources inefficiently. C. Decreasing opportunity costs will occur with greater automobile production. B) The federal government pays the salary of an FBI agent. 1. b. The use of market signals and government directives to select economic outcomes. Report an issue. B) increase; less A) technological advancement in the production of electric car batteries. Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. The impact of crowding out may be the least _____________ The three fundamental questions that any economy must address are An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. For schedule, refer to the archive link given below. The result is a shift in the aggregate demand curve to the left. d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics B) Why hasn't the federal government raised the minimum wage? Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. A) The federal government passes tax cuts to encourage firms to reduce air pollution. [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. C) Producer efficiency Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ P = $80 In perfect competition, P = AR = If the CPI rose from 82 to 202 between 2007 and 2016, which of the following is true? C) by the same amount as b. B) change; underestimates 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: Step-by-step explanation.

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