Which of the following is not a topicstudied in Macroeconomics? Select one: O a. gross domestic product O b. the price of Dell computers O C. the unemployment rate O d. the inflation rate
Q: Which of the following is a microeconomics question? Select one: O a. Why do some countries grow…
A: As wants and desires of the individuals in the economy are unlimited but the resources possessed by…
Q: Which of these words do not belong to the group? O a. National income O b. Local culture O c. Price…
A: Local culture is not part of macroeconomics.
Q: The statement "U.S. Government should raise minimum wage to $15 an hour" is Select one: O a. a…
A: The terms 'positive' and 'normative' economics are frequently used by economists. Positive economics…
Q: Which of the following is NOT an objective of macroeconomics? O A. A high and growing level of…
A: Macroeconomics is that branch of economics in which we study the economic problem and issues at a…
Q: Choose the statement that does not describe Microeconomics. O a. All of these O b. The purchasing…
A: Economics is the study of production, distribution, and consumption when the resources are scarce in…
Q: Which of these is not a goal of macroeconomics? O a. To achieve higher level of employment O b. To…
A: Note: We'll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that…
A: Theories and evidence based statement are called positive statements while statements based on…
Q: The branch of economics that focuses on how behavior affects outcomes in highly aggregated markets,…
A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…
Q: Which of the following is not included in macro environment? a. Competitors b. Economnic O b. C.…
A: Macro settings are sometimes outside the retailer's control, and they are usually on a broader…
Q: In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information,…
A: Inflation refers to a general rise in prices and decreases in the purchasing value of money.
Q: All of the following are main economic aims of governments EXCEPT O a. Low and stable inflation O b.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A microeconomic analysis would deal with? a. How the change in the price of gas effects a family b.…
A: Economics is divided into two major branches. They are microeconomics and macroeconomics.…
Q: Macroeconomics approaches the study of economics from the viewpoint of O A. Govermmental units B.…
A: Economics is the study of people's behaviour in allocating resources for the production of goods and…
Q: Economists make assumptions Select one: O a. because all scientists make assumptions O b. to reduce…
A: Option C is correct answer To make the world easier to understand
Q: Suppose Americans decide to save more of theirincomes. If banks lend this extra saving to…
A: Productivity refers to the measures of efficiency of a production process. It is expressed as the…
Q: Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a…
A: Note: Due to multiple questions being posted, the first question has been answered as per strict…
Q: QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that…
A: Tax is the fixed amount of money that the buyer pays to the government for using the product or…
Q: Which of the following is a microeconomics question? Select one: O a. Is it sensible for a…
A: Microeconomics is a branch of economics that deals with issues concerning an individual, individual…
Q: In a market economy. O a. economic output shrinks as we discover better ways of doing things. O b.a…
A: Option A is correct
Q: Mohamed says that "gas prices are rising because there aren't enough oil refineries." Ahmed argues…
A: Demand= Desire+willingness+ability.
Q: A microeconomic analysis would deal with? a. How the change in the price of gas effects a family…
A: The study of economics can be divided into two branches namely macroeconomics and microeconomics.…
Q: Which of the following is a topic studied in Macroeconomics? Select one: O a. aggregate behavior of…
A: Macroeconomics is the part of economics in which we study economics as a whole about performance,…
Q: QUESTION 19 Which of the following is a microeconomic statement? O A. The real domestic output…
A: Microeconomics deals with individual firms and goods. Macroeconomics deals with the whole economy as…
Q: When economists are trying to explain the world ,they are Select one: O a. policy advisors O b. All…
A: a. Economist is a policy advisor because he gives his advices on issues like…
Q: Which of the following ismes is more likely to be studied in Macroeconomics than Microeconomics? O…
A: Macroeconomics is the discipline of economics concerned with the overall structure, performance,…
Q: An economy produces two goods, clothing and petroleum. Which of the following would explain a pivot…
A: Inward shift in PPF:- 1) Major storms, flooding, and other major hazards can be disastrous to a…
Q: The principles of economics cannot explain which of the following: Multiple Choice O Why people…
A: To understand the principles of economics. We must examine the following five concepts that may play…
Q: All of the following economic questions deal with microeconomics EXCEP a. Are the country's…
A: Microeconomics is the investigation of people, families and firms' conduct in dynamic and portion of…
Q: An economy produces two goods, clothing and petroleum. Which of the following would explain a pivot…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Vhich of the following is a macroeconomic statement?
A: Macroeconomics is a branch of economics that deals with the attributes of the whole economy. It…
Q: Chapter-1 APCO Dete: Page What is macroeconomics ? How it is different focom microeconomics.…
A: The subject that includes a discussion about the efficient allocation of scarce resources among the…
Q: Which of the following is an example of a normative statement? Select one: a. None of the answers…
A: A normative statement is subjective, judgmental and answers "What should be". A positive statement…
Q: Quèstion 15 which of the following would be strictly a macroeconomic topic? O the increase in the…
A: Answer: Increase in the total production in Jordon Reasons for incorrect answers: An increase in…
Q: an the government make things worse by intervening in markets? Are there other options outside the…
A: Market interventions are measures that change or impede the market, normally done by state-run…
Q: Normative statements are based on O A. the law, which may be quite different in various countries. O…
A: A normative statement conveys a value judgement regarding whether a condition is acceptable or…
Q: 1a) what is the difference between local macroeconomics and global macroeconomics? 1b) Give…
A: Macroeconomics: Macroeconomics is a branch of economics that studies the economy as a whole. This…
Q: ASAP!! ANSWER PLEASE Suppose there are only two commodities that can produced in an economy,…
A: Answer: PPC (production possibility curve)= PPC curve is a curve that shows the various combinations…
Q: Which of the following questions is NOT a microeconomic question? OA. Why is the unemployment rate…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Classify each of the following statements as positiveor normative. Explain.a. Society faces a…
A: Economics is a discipline that involves all the true and actual events happening in the economy…
Q: Which of the following is a macroeconomic question? How many textbooks should be published by a…
A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…
Q: Free markets coordinate economic activity in such a way a unemployment. O True O False
A: In open markets, a financial market can emerge to meet the requirements of those who are unable or…
Q: Which of the following is a positive macroeconomic statement? O Should we increase unemployment…
A: Positive statement refers to a statement that is factual or descriptive. Such statement can be…
Q: In a market economy, Oa. households decide which firms to work for and what to buy with their…
A: An economy describes the ideology of the citizens who lived within the geographical boundaries. It…
Q: QUESTION 3 The study of an economy's price level is explicitly a part of O macroeconomics.…
A: Meaning of Economics: The term economics refers to the situation under which there remain…
Q: which of the following questions is not a microeconomic question? oa. why is wealth unequally…
A:
Q: Which of the following is NOT an objective of macroeconomics? O A. A high and growing level of…
A: Macroeconomics is a part of financial matters that concentrates on how a general economy—the market…
Q: An economic model based in positive economics should be judged Select one: O A. by its ability to…
A: In an economy, a statement is said to be a positive statement when it gives direct meaning and based…
Q: Which of the following is an example of a normative statement? Select one: O a. An increase in the…
A: Demand is the total quantity of commodities that the consumers are willing to purchase at different…
Q: QUESTION 14 Which of the following is associated with macroeconomics? O A An examination of the…
A: Macroeconomics is a study of an economy as a whole. It includes studying general price level,…
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- How to Measure Changes in the Cost of Living introduced a number of different price indices. Which price index would be best to use to adjust your paycheck for inflation?As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a macroeconomic issue? Select one: O a. "United Workers Union to Strike April 15" O b. "Central Bank Raises Interest Rates" O. "Fanny's Freeze Dried Prunes to Lay Off 50 Workers" O d. "Auto Dealership to Cut Prices"
- this question is for Macroeconomics but it didn't show any option for Macroeconomics it just show economics. Use the table below to answer the following question. Table 21.3.2 Data from Southton Price (dollars) Price (dollars) Quantity (number) Quantity (number) Item Base Current Base Current Rubber Ducks Beach Towels 1.15 9.10 1.36 10.00 90 15 100 14 1) Refer to Table 21.3.2. From the data in Table 21.3.2. What is Southton's consumer price index for the current year? What is the rate of inflation over the current year? Show your calculations.10 Which of the following is NOT a macroeconomics statement? The real domestic output increased by 2.5 percent last year. The price of wheat declined last year. Unemployment was 9.8 percent of the labor force last year. The general price level increased by 4 percent last year.1. Classify the following topics as relating to microeconomics or macroeconomics. a. A family’s decision about how much income to save b. The effect of government regulations on auto emissions c. The impact of higher national saving on economic growth d. A firm’s decision about how many workers to hire e. The relationship between the inflation rate and changes in the quantity of money 2. Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade-off between inflation and unemployment. b. A reduction in the rate of money growth will reduce the rate of inflation. c. The Federal Reserve should reduce the rate of money growth. d. Society ought to require welfare recipients to look for jobs. e. Lower tax rates encourage more work and more saving
- Explain 5Es of macroeconomics.gi i need help for question 8 i don,t understand how to do that and also this question is for macroeconomicWhich of the following questions are macroeconomic questions? A. What factors determine the price of milk? B. What determines the wage of auto workers? C. What determines the inflation rate? D. None of the above are macroeconomic questions
- Q2: Micro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics and provide a justification for your choice. a) How will the market for melons be affected after Hurricane Dean? b) How much will the Trinidadian economy grow this year? c) What are the factors which determine the choice that a person makes between buying a Honda Accord or a Toyota Corolla? d) What will the inflation rate be for Belize?Question: Which among the following is part of Macroeconomics?[A] Investment of households[B] Wages of a person[C] How to produce good[D] Aggregate economic activityPlease Dont use AI tool.Why isn’t money considered capital in economics? Which of the following are microeconomic issues? Which are macroeconomic issues? a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold? b. What will cause the nation’s inflation rate to fall c. How does a quota on textile imports affect the textile industry? d. Does a large federal budget deficit reduce the rate of unemployment in the economy? Explain the importance of the ceteris paribus assumption for an economic model. Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support the requiring of airbags? What normative reasoning is used? Should the Government Require Air Bags? Technological advances continuously provide new high-tech options to save lives that add to the price of cars, such as cameras, radar, and airbags. Airbag advocates say airbags will save lives, and the government should require them in all cars.…