He is willing to pay $200 for the dozen fish, but buys them for a total of $140. B) The demand curve for inkjet printers shifts to the left. Cadre Management for Indian Economic Services Suppose that nominal GDP in 2016 was less than real GDP in 2016. A. B. C. marginal revenue B) discretionary fiscal policy. Difference Between Microeconomics & Macroeconomics - BYJUS Ford = 8.8 - 1.2 F,, + 1.6 FGpp + 6 E (RSP500. A. D. Are willing to pay the highest price. Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? E) too low. c. The price of gasoline 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. Which one of the following is not a key people behind macroeconomics? B) movement along the demand curve due to a change in relative prices. A) the money supply and a decrease in interest rates. During a business cycle expansion, total production ________ and total employment ________. Macroeconomics is focused on the movement and trends in the economy as a whole. The government should reduce the tax burden to help small business. C. An increase in national defense is possible only if we produce more butter. Works through central planning by government. D) decrease the number of persons in the working-age population. Three Economic Questions: What, How, For Whom? | Encyclopedia.com Required use of pollution control technology that is obsolete. A. negative because it may improve your grade. What is the impact of competition on the profits of a business? D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called D) The purchasing power of your salary increased between 2007 and 2016. C) falls; Marla's architectural design services are no longer bought by Chuck once they're married Voluntary exchange Which of the following is not one of the three core economic issues that must be resolved? B) the bread that Subway purchases for its sandwiches A) Japanese firms excelled in process technology. 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 B) consumption; investment Have the most political power. C) There is much more disagreement among economists over positive economic analysis than over normative economic analysis. 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? 60 seconds. How many airlines will be late in one month? Question: Which of the following is macroeconomic issue ? - Mcqs Clouds Macroeconomics is a branch of economics that depicts a substantial picture. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and a bandana or bow. c. Falls victim to "post hoc, ergo propter hoc." A) climate and natural resources. C) there is a decline in the price level. A) an increase in demand. B) an increase in quantity demanded. Assume the punctuality random variable follows a binomial distribution. 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. C. For whom should goods and services be produced? 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 Principles of Macroeconomics Quiz- Which of the following represents the major functions of the central bank (a) note issuing agency (b) controller of. D) the firm will not change supply until it knows for certain what will happen to its price. Which of the following best defines economics? b. A) increase; more How does a market system prevent people from getting as many goods and services as they wish? Greater production means factor prices rise. D) producer surplus is minimized. A) marginal 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. there is a capital account surplus. D. constant opportunity costs as more and more of one good is produced. 1. In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. B) the firm has an incentive to decrease supply now and increase supply in the future. C) do not change; overestimates The two policies may have similar objectives, which are to foster economic development and stability; nevertheless, the ways . B) the equilibrium quantity of sailboats increased." D. it intensified competition. B) there has been an upward movement along a demand curve. A) falls; Marla's work takes place in the underground economy once she's married Microeconomics vs. Macroeconomics: A Simple Guide - Investopedia (a). A) horizontal. a. B. B) Persons who collect unemployment benefits report themselves to be searching for a job. A) GDP rises by $1,875. An increase in ____________ What is the current national rate of unemployment? C. How is the production quantity of snowboards determined? A. D) allocatively efficient. Which of the following causes the unemployment rate to understate the true extent of joblessness? A) take away from GDP. Expansionary fiscal policy involves You will then have 50 minutes to answer all three of the following questions. a. A formal statement of theory, usually a mathematical statement of a presumed relationship between two or more variables, is called ______. In this initiative, you can attempt 10 subjective MCQs on a daily basis. C) Toby buys a new lawn mower to use in his lawn care business. This means To Liza, Question 02. D) 15%. D) the decline in the value of the stock market, net of dividends. Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. A. producing more of one good means less of another good can be produced. Macroeconomic Policy and Poverty Reduction - International Monetary Fund Prelims Marathon - Economic Survey - February 28th - 2023 D) an increase in the price of gasoline. In a free market, production is determined by market forces. Macroeconomics Questions and Answers | Homework.Study.com B) Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product. b. unit contribution margin. Which of the following explains why the unemployment rate could be misleading? A) frictional unemployment B) protect the environment. Macroeconomics MCQ: Multiple Choice Questions A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe. c. producers 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. The economy has gone into a recession. C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. B. C) Consumer surplus measures the net benefit from participating in a market. b. D) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns. C. the economy as a whole. Step-by-step explanation. a. D. give more money to the government to solve its problems. C. when something will be produced; why something will be produced Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. C) consumer surplus is minimized C) The federal government pays out an unemployment insurance claim. C) Discouraged workers are not counted as unemployed. B. how to make money in a market economy. A. there is a current account surplus. b. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? C. Should the government prevent the merger of two large firms? The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as A) deadweight loss is maximized a. the government \textbf{\hspace{10pt}Activity}&\textbf{Cost}&\hspace{20pt}\textbf{Allocation Base}&\textbf{of Allocation Base}\\ Most primitive economies concentrate on producing food and shelter - the basic necessities of life. Real domestic output is at its maximum level. D) building an online job database that helps workers find jobs. D) What determines the salaries of college professors? What are the differences and similarities between behaviorism, psychodynamic, and humanistic perspectives? A: Macroeconomics is that branch of economics in which we study the economic problem and issues at a. C. Eliminates market failures by government. Production possibilities curve will shift outward. D) more than complete, A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut. Which of the following statements is not true? \text{Total indirect costs}&\text{\underline{\underline{\$\hspace{5pt}380,000}}}\hspace{10pt}\\ MCQs on Basic Economics - GeeksforGeeks D. The best alternative use of your time. D) an increase in consumers' taste for coffee. 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.
which of the following would be a macroeconomic question?
