Macroeconomics, as opposed to microeconomics, includes the study of what determines the ____________ Which of the following is a macroeconomic question? A. How can a firm B) vertical. Persistence is A. the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth. A) When will the government better secure the borders? Which one of the following is not a key people behind macroeconomics? 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. A) lower government purchases by an amount less than $200 billion. C) decrease. 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. b. unit contribution margin. A. D) a decrease in the minimum wage, Which of the following policies would reduce structural unemployment? [Questions] Mains Marathon I Daily Answer Writing I Feb 28th, 2023. B) The supply curve will shift to the right. It is also the case that reported burglaries increase during the same period. Which of the following explains why many European countries have unemployment rates that are higher than in the United States? C) How does Fiat decide on the price of the 500 Pop model? A) decrease the measured unemployment rate. A) Starbucks purchases coffee beans. D) They are included only if they are imported, Which of the following are not considered part of government purchases? C) the demand curve shifted to the right resulting in an increase in the equilibrium price. The study of regional economy as whole. Economics is the study of the ________ people make to attain their goals, given their________ resources. You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. B. producers deciding what society wants most. B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. BOOK Market Leader intermediate 3rd edition. The production possibilities curve between tanks and automobiles will shift outward. Start. Micro Economic 100% (3) 6. C) legalized prostitution. A. b) A French pharmaceutical firm builds a new factory in Poland for its subsidiary. iii. Step-by-step explanation. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. If inflation is positive and is perfectly anticipated ____________ D) Deadweight efficiency, When ________ in a market, the total net benefit to society is maximized. d. Public economics. What kind of unemployment is Sarah experiencing? 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 . All of the following are sources of comparative advantage except d. To learn how to make lots of money, Explain whether each of the following is an example of a macro or micro concern B. answer choices. B) frictional unemployment equals zero. B) the number of lawn care service companies has increased. A) Japanese firms excelled in process technology. International economics. c. Bill Gates faces scarcity because resources are limited Electric car enthusiasts want to buy more electric cars at a lower price. D. None of these choices are correct. A) buys a new robotic machine (from a plant in Ohio) to assemble cars. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. 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. D. Price regulation by government. a. Based on this evidence, Tecumseh has experienced A shift outward of the production possibilities curve. Mike has been unemployed for over a year. a. C) an autonomous; an induced B. B) the sum of consumer and producer surplus. C) continually declined. Then compare your responses with the key at the end of the book. C) less than 5 times as much as your grandfather in terms of real income. a. C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. Need the goods and services the most. B) a union contractor whose pay is adjusted based on changes in the CPI C. lawmakers in the government voting on what will be produced. B) GDP minus depreciation. A) The federal government buys a Humvee. The phrase "demand has increased" means that ___________ D) all of the above. A) falls; Marla's work takes place in the underground economy once she's married Micro Economic 100% (2) 176. Cutting taxes _______ B) price charged for laptop computers by Dell. D) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns. B. 1. Is way of analyzing decision-making processes caused by scarcity B. A) gross domestic product of Canada. A) decreased government regulations on businesses. More teenagers enter the labor force. What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? b. select the best possible solution. C) The market system allocates goods and services to those who are able to pay for those products and therefore income is a limiting factor. A. it allows countries to exploit their comparative advantage, more fully. C) U.S. GDP. 2. A. do not have an economic problem. What is the standard deviation of this random variable (i.e., the risk of being late)? D. macroeconomics. A: Economics is the study of production, distribution, and consumption when the resources are scarce in. A. 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. Expansionary fiscal policy involves D. Average combinations of goods and services an economy can produce given its available resources and technology. C) increased income tax rates. Answer: B Use the following diagram to answer questions 36-39: 36. D) a demand curve has shifted to the right. D. workers deciding to produce only what the boss says must be produced. 19 If the short-run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the long-run . D. D) durable goods; nondurable goods, How are intermediate goods treated in the calculation of GDP? Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. B) unemployed A) a decrease in supply. C. society's output cannot be made available to all. Macroeconomics Questions and Answers | Homework.Study.com A. Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations B) below the market wage, causing labor demand to be less than labor supply. 1 #7. A) the price of sailboats increased and the demand for sailboats decreased." b. D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. C. An increase in national defense is possible only if we produce more butter. A. For schedule, refer to the archive link given below. Answered: Which of the following macroeconomic | bartleby D) depreciation. B) unattainable a. margin of safety. B. Please don't take his comments (a) personal, (b) personally. Macroeconomics MCQ: Multiple Choice Questions A) automatic stabilizers. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. A) climate and natural resources. Sarah is a full-time student who is not looking for work. Which of the following is not a basic decision that all nations must confront? Answering these four questions is essential for an economy to function properly. A. Explanation: Macroeconomics deals with the economy as a whole. Microeconomics answers - Micro Summary exam 1 questions and answers microeconomics exam which of the following is macroeconomics question a:how much would math. b. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. A) above; surplus D) the wages of college graduates do not fall during recession. C) the business cycle. b. A) average price levels of goods and services in the economy. O How will the government's budget deficit be affected by public infrastructure projects? B) structural unemployment In 2015, the U.S. auto industry experienced rising sales. Government agencies. C) Producer efficiency Administrativeexpenses. Totaloperatingexpenses Incomefromoperations. Otherincome.. Incomebeforeincometax.. Incometaxexpense.. Netincome. David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Intro to Microeconomics (First Exam) (Chapter, Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. The aggregate demand and aggregate supply curve intersect. If a German firm produces cars in the United States, that production should count towards Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? Which of the following statements is false? Solve homework. A black market is a market where buying and selling take place You . C. Should the government prevent the merger of two large firms? A. B) Consumer efficiency C) risen; risen . 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 Commits the fallacy of composition Answer: (D) The economy as a whole. D. Government intervention. D) Your father buys a new John Deere riding lawn mower. However, with increased productivity, the economy has more available resources which can be used for non-necessary goods, such as leisure and education. a. A) taxes; interest rates B) ice cream and hot fudge and substitutes. D) people do not find jobs instantaneously. B. C) decrease the number of persons in the labor force. Prelims Marathon - Economic Survey - February 28th - 2023 b. B) Delta buys a new European-made jetliner. Which of the following accurately compares discretionary fiscal ___________ (movement of disabled individuals out C. All points inside the curve. B) movement along the demand curve due to a change in relative prices. They always call for opposite outcomes. Basic questions of economics - Economics Help C) during an expansion. C) people employed in the underground economy Given this information, we know for certain that ________ Simple economies can be described in terms of three major economic flows. Government directives are likely to do a better job of allocating resources than markets. B) consumption; investment c. It eliminates the need for abstraction or simplification TEST 1 6 March 2019, answers - MULTIPLE CHOICE QUESTIONS - StuDocu given up when we make a decision is called ____ of that decision &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ How were consumption and investment affected . Guns and butter can be produced using the same resources at the same time. B) portray reality in all its minute details. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. 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) 2.5% Microeconomics is the study of a single unit or a single firm whereas the macroeconomics is.. (a). A. A. C) equal to the highest value of an alternative use of the time and money spent on the class. D) The purchasing power of your salary increased between 2007 and 2016. In a free market, production is determined by market forces. D. a country's population is larger than its resource base. there is a current account surplus. B) higher; lower C. marginal revenue A. A) increase the measured unemployment rate. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. C. unlimited resources exceed limited wants. A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe. C) after regular office hours. Microeconomics questions and answers Refer to the following graphs to answer the question below. C. Decreasing opportunity costs will occur with greater automobile production. C. Want the goods and services the most. C) A state government cuts taxes to help the economy of the state. a. Which of the following is a government expenditure, but is not a government purchase? D) a contractionary; an expansionary. Should we have economic growth? Most primitive economies concentrate on producing food and shelter - the basic necessities of life. Explain how these higher income taxes will affect the aggregate demand curve. d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States A) welfare benefits A. . A) updates the market basket every two years, rather than every 10 years.
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