which of the following would be a macroeconomic question?

The company allocates indirect costs based on the following activities: EstimatedEstimatedQuantityActivityCostAllocationBaseofAllocationBaseAdmission$60,000Numberofadmissions20,000Cleaning240,000Cleaningdirectlaborhours100,000Grooming80,000Groomingdirectlaborhours4,000Totalindirectcosts$380,000\begin{array}{lclc} A) Economic efficiency D) people do not find jobs instantaneously. B) structural D. Is one that allows trade with other countries. How much will be saved; what will be produced; and how can these goods and services be fairly distributed? A. D) buys U.S. government bonds. Why is the economy of India growing? B) lower government purchases by $200 billion. D) seasonal unemployment, Structural unemployment is the result of ____________ Microeconomics questions and answers Refer to the following graphs to answer the question below. A) the value of leisure is included in GDP. Real domestic output is at its maximum level. The three fundamental questions that any economy must address are A) $5. b. See Answer 14 15 Show transcribed image text Expert Answer Answer no (14). The Government will decrease spending by $20 million and increase taxes by $15 million. C. how to make money in the stock market. B) greater on the seller when the tax is collected from the seller. D) a slowdown in the economy. C) Japanese firms benefited from external economies. D) unemployed persons falsely report themselves to be actively looking for a job. Which of the following best describes an assumption economists make about human behavior? d. Eliminating the trade embargo with Cuba would increase the number of Cuban cigars available in the United States B. A. supply and demand. \text{Grooming}&\text{\underline{\hspace{15pt}80,000}}\hspace{10pt}&\text{Grooming direct labor hours}&\text{\hspace{10pt}4,000}\\ 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? B) unemployed Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)? This means ______. C. Market mechanisms and lassiez faire. B) gross national product of Canada. D) refrigerator. Every society faces economic tradeoffs. B) high unemployment rates do not usually last for very long. Economic growth. D) lower taxes by $200 billion. C) during an expansion. 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. Multiple Choice Quiz - Oxford University Press Answering these four questions is essential for an economy to function properly. D. workers deciding to produce only what the boss says must be produced. Rearranging, we get: A. negative because it may improve your grade. A) will lower disposable income and lower spending. B) partial C) The quantity of traditional camera film demanded increases. D. constant opportunity costs as more and more of one good is produced. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. A) income B) the price level in 2016 was less than the price level in the base year. 2. Which of the following can be used to correct market failure? What goods and services to producehow will these goods and services be produced; and who receives them? 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. A) shift of the demand curve when income changes. B) the equilibrium quantity of sailboats increased." A) the opportunity cost to firms from producing the equilibrium quantity in a competitive market. A) during a deep recession. A mixed economy A) below the market wage, causing labor demand to be greater than labor supply. 1. Which of the following explains why the unemployment rate could B) a union contractor whose pay is adjusted based on changes in the CPI 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. b. Macroeconomics C) the demand curve shifted to the right resulting in an increase in the equilibrium price. A) gross domestic product of Canada. C. Relies on the use of central planning by private firms rather than the government. C) entrepreneurship. c. What were some of the reasons that the Egyptian government built the Aswan High Dam? C) below; surplus C. society's output cannot be made available to all. The police were surprised the bank did not take their advice. E. consumers and firms choosing which goods and services to buy or produce. Quiz 1: Introduction to Macroeconomics Quiz - Quizizz C. Production of nonmilitary goods will decrease. Economics involves allocating resources to meet peoples' needs and desires for goods and services. PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. A) the value of the house in 2016 A) higher; higher D) What determines the level of U.S. imports and exports? Technological advancements have led to lower prices and an increase in the sale of color laser printers. b. D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? C) lower; higher C. Macroeconomic failure. A) welfare benefits C) decrease; more 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. C) lower; higher Guns and butter can be produced using the same resources at the same time. B) the underground economy. This month, the company supplied the same quantity of binders at $4 per unit. Assume the punctuality random variable follows a binomial distribution. B) automobile These are: A. income, spending and saving. Which of the following is a government expenditure, but is not a government purchase? An increase in national defense implies more sacrifices of civilian goods and services. In this initiative, you can attempt 10 subjective MCQs on a daily basis. The equilibrium wage in a local labor market is $10 per hour. B. D. The best alternative use of your time. B) Persons who collect unemployment benefits report themselves to be searching for a job. An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue. The importance of the ceteris paribus assumption when using models is that: B. A. how households and firms make choices. It is the field of economics that studies the behavior of the entire economy. B) the value of all cars produced by Ford in Mexico A) an increase in the minimum wage C) decrease. ________ 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. A) the knowledge and enjoyment you receive from taking the class. c. The overall price level in the economy A) decrease the required reserve ratio. A. If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible. A black market is a market where buying and selling take place Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not . B) German GDP. A) greater on the buyer when the tax is collected from the buyer. D) less than 5 times as much as your grandfather in terms of nominal income. 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 . Individual consumers. D) ice cream is a normal good and hot fudge is an inferior good. D) the price of sailboats increased. A) there is a sustained increase in the price level. C) a decrease in taxes Exercise 01 - bi tp eco - Question 1 (3 points): Given the following C. Can a tax cut lead to a government budget surplus? Allocative efficiency best explains ________, and productive efficiency best explains________. Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? Which of the following explains why many European countries have unemployment rates that are higher than in the United States? D) on foreign soil. The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to price, and the CPI does not reflect this and ________ the cost of the market basket ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape C) a change in consumer income. MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . d. Why do some countries grow faster than others? d. Comparative economic systems, Determine whether the following is covered by microeconomics or macroeconomics B) 3%. that negatively affect an individuals health and safety, A. Th View the full answer Prelims Marathon - Economic Survey - February 28th - 2023. A) increases; increases Economics promotes which of the following as the way to make the best decision? C. Inefficient incentives. Second, they are generally less able than are the better off to protect the real value of their incomes and assets from inflation. There is full employment. C. Decreasing opportunity costs will occur with greater automobile production. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. A) -9.5% D) 3.5% Need the goods and services the most. Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. Is justified by the superiority of lassiez faire over government intervention. It allows researchers to isolate the effect of one event on another without the influence of outside variables Macroeconomics focuses on the performance of d. Dollar cost, T/F The process of analyzing the additional costs or benefits which arise from a decision is known as marginalism, You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time Factors of production and price signals. C) incorporates substitutions by consumers when prices of specific products rise rapidly. A) the price level in 2016 was greater than the price level in the base year. D) there is a decrease in the expected rate of inflation. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? MCQ Questions for Class 12 Economics Chapter 1 - NCERT Books A. 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. C) a full-time employee at a pizza parlor who makes more than the minimum wage D. Allocative efficiency. 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) continually risen. D) The minimum wage in Europe is lower than it is in the United States. the same weight of goods has been imported as were exported. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as b. How does the increasing use of digital cameras affect the market for traditional camera film? 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. C. Theme park construction. Which of the following transactions would be recorded in the French current account of its balance of payments statistics? This change will______________ Is way of analyzing decision-making processes caused by scarcity Equity C. decreasing opportunity costs as more and more of one good is produced. B) Trade Without Borders. C) the ACIF. A) employed In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. (D) the economy as a whole. a. D) all of the above. The Federal Reserve lowered interest rates at its last meeting. Total the statement columns, compute net income (loss), and complete work sheet. B What is the optimal number of workers for an ice cream . c. Is one-half cost of the game, as this is the second time you have played it Is zero 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) real GDP Key Takeaways. [Solved] The following table contains nominal and - SolutionInn The size of the underground economy would tend to decrease if the government of a country __________________ Scarce resources and opportunity cost. Que11. In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending An outward shift of a nation's production possibilities frontier can occur due to B) taxes; the money supply A) he tax cut would increase consumption spending less than would a permanent tax cut. A) automatic stabilizers. Bill Gates does not face scarcity because he is a billionaire A. FortheYearsEndedDecember31,20Y2and20Y1. B) There is much less disagreement among economists over normative economic analysis than over positive economic analysis. D) allocatively efficient. Producers are using inventory faster than it can be replaced. D) The government imposes taxes on those who earn beyond a certain amount of income. D) legalized marijuana. B) The supply curve will shift to the right. D) The Federal government pays to support research on AIDS. You . Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy? B) teachers' salaries paid by a local government The system that a society chooses reflects the philosophical and political ideas on which that society is founded. How has the discovery of oil in the Niger delta affected Nigeria's environment? B) total income in 2015 was around $17.3 trillion. a. D) Lily purchases a new massage table for use in her therapy center. D) the demand curve shifted to the left resulting in a decrease in the equilibrium price. Every society faces economic trade-offs. Discretionary fiscal policy refers to the government's ability to spend money. C) there is a decline in the price level. Explain the pitfall of this statement. What determines the salaries of Wall Street executives? D) increase in quantity demanded; increase in demand. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. (B) important rather than trivial issues. A) the Income Security Tax. C. do have an economic problem but are solving it. C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. c. Opportunity costs are zero C. the economy as a whole. A) increase in demand; decrease in demand B) Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation. D) Producer surplus measures the total benefit received by producers from participating in a market. A) 2% A) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. B) by more than PDF AP Macroeconomics 2018 Free-Response Questions - College Board A technological advance would best be represented by B. D) consumer price index. Solved Which of the following is a macroeconomic question? | Chegg.com You have majored in computer science and, because of the recession, have difficulty in finding a job. What is the current national rate of unemployment? Question: Which of the following is an illustration of a macroeconomic question? The exports are equal to import. B. It converts normative analysis into positive C. marginal revenue Answer the following questions by selecting the appropriate answer from the list below. More teenagers enter the labor force. C) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States. C. Technology is lost. B) increases; decreases A. Productive efficiency Given that, the question "According to the Bureau of Economic Analysis, what has been the average annual level of inflation (as measured by the GDP Deflator) over the past 10 years?" Macroeconomics is the branch of economics that deals with: (A) the prices of individual goods. C) discretionary monetary policy. A. central bank prints more money B. increase in household savings C. decrease in borrowing by private firms D. foreign financial investors C. Maximum combinations of goods and services an economy can produce given unlimited resources. B. Utilizes both market and non market signals to allocate goods and services. C) total spending in 2015 was around $17.3 trillion. You are investigating the punctuality of the airlines in Asia. All of the following are sources of comparative advantage except B. producers deciding what society wants most. Macroeconomics | Economics Quiz - Quizizz Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . All of the following are criteria frequently applied in judging economic outcomes except a.

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