Homework Answers
Macroeconomics is the study of economy as a whole. So, it studies the economy wide phenomena and not only just focus on the individual decision makers like in microeconomics. So, the correct answer is 'Option D'.
Factors of production are used in the production of goods and services. These are the inputs used in the production process. So, the correct answer is 'Option D'.
An increase in the overall price level in the economy is known as inflation. It reduces the purchasing power of individuals. So, the correct answer is 'Option D'.
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Macroeconomics is the study of O A. individual decision makers. B. interational trade. O C. markets...
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c....
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c. the behavior of the consumer. d. e. changes in national income. changes in commodity prices. REF: How Is Macroeconomics Different from Microeconomics? 2. Which of the following is a topic of microeconomics? a. the level of national income b. the level of employment in the country c. the prices of all goods in the country d. the profit of firms in the banking industry...
The basic difference between macroeconomics and microeconomics is: a. microeconomics concentrates on individual markets while macroeconomics...
The basic difference between macroeconomics and microeconomics is: a. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade b. microeconomics concentrates on the behaviour of individual consumers while macroeconomics focuses on the behaviour of firms. c. microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy. d. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment. 5. Scarcity implies that: a consumers...
20) What are the main indicators of emerging markets comparatively better performance during the last five...
20) What are the main indicators of emerging markets comparatively better performance during the last five economic recessions? A) Macroeconomic imbalances, volatility of exchange rates & illegal economy B) Growth difference, level difference & relative growth C) Demographic volatility, depletion of natural resources & withdrawal from globalization D) The sheer scale of the recent recession, slowing supply of workers & feebleness of recovery of advanced economies E) Import-substituting policies, problems of appropriability & effect of liberalized trade
1. Which of the following would be considered more closely related to macroeconomics? A) a firm...
1. Which of the following would be considered more closely related to macroeconomics? A) a firm deciding how many workers to hire. B) a household deciding how much to spend on groceries. C) a government economist forecasting the unemployment rate. D) a business trying to decide how much outuput to produce. - 2. Which of the following is an example of using the scientific method with a natural experiment? A) Measuring how long it takes a marble to fall from...
C or D， Thank you If a large country in the world trade instituted a large...
C or D， Thank you
If a large country in the world trade instituted a large set of subsidies for its exports, this must Select one: o A. decrease its marginal propensity to consume. O B. have no effect on its terms of trade. O C. harm world terms of trade. D. harm its teams of trade. E. improve its terms of trade. Terms of trade and subsidies . When the home country imposes an export subsidy, the terms of...
produced by the govermen β. prouud-taproduced byn given inta try D. of labour supplied by all...
produced by the govermen β. prouud-taproduced byn given inta try D. of labour supplied by all household demand for goods and services in an ey is for 8. The total A. aggregate demand B. national demand C. groas national product D. economy-wide demand 9. Deflation is A. an increase in the overall level of B. an increase in the overall price level. C. a decrease in the overall level of economic activity D. a decreaue in the overall price level....
47. What type of an economic system are have? economic system are countries to Canada Denmark,...
47. What type of an economic system are have? economic system are countries to Canada Denmark, Sweden, and Norway likely to a. market economy b. mixed economy C. command economy d. theocratic economy 48. "It no longer makes sense to talk about the German market or the American market. Instead, there is only the global market." What concept is this quotation referring to? a. Globalization of markets b. Moore's law C Cross-cultural literacy d. Nationalism 49. A country that is...
63. Which statement is generally NOT true with regard to the effect of trade on wages...
63. Which statement is generally NOT true with regard to the effect of trade on wages in developing countries? A. Working conditions, although often less pleasant than in developed nations, are generally improved with foreign investment. B. Foreign companies tend to reduce the overall number of jobs available in developing countries. C. Wages offered by foreign companies are generally higher than wages offered by local companies. D. Foreign companies generally pay lower wages in developing countries than they do back...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
perty rights and the role of prices as economic signals are two features that make markets...
perty rights and the role of prices as economic signals are two features that make markets function effectively ) False Use the following to answer questions 13-17 Figure: Circular-Flow Model Wages, dividends, intenest, rent $500 Wages, dividends, interest rent $500 Factor Households Consumer spending Fin Taxes Goods and 5100 seices $30 Govenmen purchases of ExportsRest of goods and 530 workd $100 13. (Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. What is GDP in this Circular-Flow Model) Look at...
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c. the behavior of the consumer. d. e. changes in national income. changes in commodity prices. REF: How Is Macroeconomics Different from Microeconomics? 2. Which of the following is a topic of microeconomics? a. the level of national income b. the level of employment in the country c. the prices of all goods in the country d. the profit of firms in the banking industry...
The basic difference between macroeconomics and microeconomics is: a. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade b. microeconomics concentrates on the behaviour of individual consumers while macroeconomics focuses on the behaviour of firms. c. microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy. d. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment. 5. Scarcity implies that: a consumers...
C or D， Thank you
If a large country in the world trade instituted a large set of subsidies for its exports, this must Select one: o A. decrease its marginal propensity to consume. O B. have no effect on its terms of trade. O C. harm world terms of trade. D. harm its teams of trade. E. improve its terms of trade. Terms of trade and subsidies . When the home country imposes an export subsidy, the terms of...
produced by the govermen β. prouud-taproduced byn given inta try D. of labour supplied by all household demand for goods and services in an ey is for 8. The total A. aggregate demand B. national demand C. groas national product D. economy-wide demand 9. Deflation is A. an increase in the overall level of B. an increase in the overall price level. C. a decrease in the overall level of economic activity D. a decreaue in the overall price level....
47. What type of an economic system are have? economic system are countries to Canada Denmark, Sweden, and Norway likely to a. market economy b. mixed economy C. command economy d. theocratic economy 48. "It no longer makes sense to talk about the German market or the American market. Instead, there is only the global market." What concept is this quotation referring to? a. Globalization of markets b. Moore's law C Cross-cultural literacy d. Nationalism 49. A country that is...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
perty rights and the role of prices as economic signals are two features that make markets function effectively ) False Use the following to answer questions 13-17 Figure: Circular-Flow Model Wages, dividends, intenest, rent $500 Wages, dividends, interest rent $500 Factor Households Consumer spending Fin Taxes Goods and 5100 seices $30 Govenmen purchases of ExportsRest of goods and 530 workd $100 13. (Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. What is GDP in this Circular-Flow Model) Look at...
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