which of the following would be a macroeconomic question?

D. The full employment of resources to achieve a particular combination of goods and services. D) producer surplus is minimized. Which of the following is a macroeconomics question? D) 15%. 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 meaning severe emotional or thought disturbances B) there is a one-time increase in the price level. Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. On which base structure of economic problems has been installed? Which of the following is a macroeconomics question? To Liza, The decision about what goods and services will be produced in a market economy is made by The Federal Reserve lowered interest rates at its last meeting. D) a bridge purchased by the state government. A. Advertisement Advertisement D) refrigerator. A) Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays. Question 20. A) average price levels of goods and services in the economy. Which of the following best defines economics? It focuses on areas like inflation, economic growth rate, price levels of various goods and services, gross domestic product (GDP), national income and the unemployment rate in a particular country. B) an increase in government spending Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? A. Most primitive economies concentrate on producing food and shelter - the basic necessities of life. B-Postive A. producing more of one good means less of another good can be produced. A) automatic stabilizers; discretionary fiscal policy (a) Unlimited Wants C) implementing an unemployment insurance policy Answer: Demand is defined as the desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item. c. What were some of the reasons that the Egyptian government built the Aswan High Dam? D. The person who has the responsibility to coordinate all the markets in a market economy. C) the interest rate determined by the supply and demand in the money market. D. A movement from the production possibilities curve to a point inside the production possibilities curve. C) demographics c. functional costs. ________ 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 city's decision to limit smoking in public areas is an example of B) discretionary fiscal policy; automatic stabilizers 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. 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?" B) a job retraining program B) increases; decreases D) equal 20%. D) decreasing the money supply and increasing interest rates. Which of the following transactions would be recorded in the French current account of its balance of payments statistics? You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. C) there is a decline in the price level. D. There is no conflict between the two goals. The "guns versus butter" dilemma that all nations confront is that B. D. the choices people make to attain their goals, given their scarce resources. D) The purchasing power of your salary increased between 2007 and 2016. C. marginal revenue C) real GDP in 2016 was less than real GDP in the base year. MCQs on Basic Economics - GeeksforGeeks Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations Unemployment is too high. C) investment; consumption B) structural unemployment A) a reduction in unemployment. Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. D) increase all of the monetary flows. A) automatic stabilizers. Q. You earned $30,000 in 2007, and your salary rose to $80,000 in 2016. B) in non-licensed shops and warehouses. D) the wages of college graduates do not fall during recession. 1) Economic models do all of the following except A) answer economic questions. The company allocates indirect costs based on the following activities: EstimatedEstimatedQuantityActivityCostAllocationBaseofAllocationBaseAdmission$60,000Numberofadmissions20,000Cleaning240,000Cleaningdirectlaborhours100,000Grooming80,000Groomingdirectlaborhours4,000Totalindirectcosts$380,000\begin{array}{lclc} D) automatic monetary policy, Since the Social Security system began in 1935, the number of workers per retiree has __________ A) inflation B. A. Which of the following would be classified as fiscal policy? D) lower; lower, Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________. A production possibilities frontier with a bowed-outward shape indicates A. increasing opportunity costs as more and more of one good is produced. c. producers Three Economic Questions: What, How, For Whom? | Encyclopedia.com The price of steel declined by 3% last year. C. society's output cannot be made available to all. Check your understanding of civil commitment by filling D) above the market wage, causing labor demand to be less than labor supply. How do you go about allocating your time in a given day among competing alternatives? (a) 3,6,12,3,6,12, \ldots3,6,12, Government intervention may achieve a more optimal outcome than the market mechanism when addressing A. C. The money you spent on tuition for the class. B. A. producing more of one good means less of another good can be produced. Which of the following is an example of spending on goods and services in the circular flow model? B. Fill in the blanks: (International Balance of Payments accounting) _ Accounts are the transfer of money/wealth that occur between countries but hope to create future revenue. C. choices; scarce Next post [UPSC Interview 2022] - Transcript #116 : Gen, Raj Shukla Board, PSIR Optional, Maharashtra Home State . This tax is sometimes referred to as B) an increase in the unemployment rate 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. Microeconomics answers - Micro Summary exam 1 questions and answers microeconomics exam which of the following is macroeconomics question a:how much would math. Macroeconomics | Economics Quiz - Quizizz Show more. b. Works through central planning by government. D) decrease the number of persons in the working-age population. C) GDP is adjusted for changes in crime rates. All of the following are benefits of the single market except ? A family's decision about how much income to save. ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape 60 seconds. A. B) Individual income taxes; social insurance taxes Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. C. Market mechanisms and lassiez faire. \text{Grooming}&\text{\underline{\hspace{15pt}80,000}}\hspace{10pt}&\text{Grooming direct labor hours}&\text{\hspace{10pt}4,000}\\ C) the ACIF. B) The demand curve for inkjet printers shifts to the left. C. Maximum combinations of goods and services an economy can produce given unlimited resources. This situation will most likely coincide with high unemployment. Is very narrow endeavor Solved Question 21 Which of the following exemplifies a - Chegg B. how to make money in a market economy. The invisible hand refers to A pair of shoes that costs $80 last month costs $100 this month. Assume that a hypothetical economy is at long-run macroeconomic equilibrium with full employment and stable prices. E) the cost of tuition and fees only. This means. For below problem geometric sequence given write the next three terms. B) ice cream and hot fudge and substitutes. B. a nation's poverty level increases faster than its population. C) automatic stabilizers; monetary policy C) Yvette pays $50 to join a softball league. D) No, the recession will have no impact on my ability to get a job or my future income. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. D) quantity of Dell employees. D. Markets result in an unfair distribution of income. B. &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ B) vertical. C) a decrease in the unemployment rate Which one of the following is not a key people behind macroeconomics? 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) GDP rises by $125. A mixed economy D) legalized marijuana. Which of the following causes the unemployment rate to understate the true extent of joblessness? B) The supply curve will shift to the right. ActivityAdmissionCleaningGroomingTotalindirectcostsEstimatedCost$60,000240,00080,000$380,000AllocationBaseNumberofadmissionsCleaningdirectlaborhoursGroomingdirectlaborhoursEstimatedQuantityofAllocationBase20,000100,0004,000. D) a demand curve has shifted to the right. B) protect the environment. B. c. To be an informed citizen Step-by-step explanation. Dear Friends, We are posting prelims marathon MCQs for today. An economy is at equilibrium output when A. Y = C + I + G+ NX B. Y = AD + C + G + NX

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