Which would likely increase the average level of interest rates for auto loans? Select one: a. An increase in inflation. b. An increase in the unemployment rate. c. A decrease in the level of business investment. d. A decrease in the amount of consumer spending.
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Which would likely increase the average level of interest rates for auto loans? Select one:
a. An increase in inflation.
b. An increase in the
c. A decrease in the level of business investment.
d. A decrease in the amount of consumer spending.
Step by step
Solved in 4 steps
- Choose the Letter of the Correct Answer 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 2. It refers to the skills and talents to produce a product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 3. It refers to the target market of a certain product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 4. A basic economic question that relates about quality and quantity of the product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 5. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic systemWhy 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.…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
- 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?Categorize the following as microeconomic or macroeconomic questions: (vii) Why are interest rates rising? (viii) Why are economic growth rates different in the Jamaica and Antigua?Which question is an example of a microeconomic question? A. What should the Federal government do to reduce the trade deficit with Japan?B. Will the merger of two airlines likely lead to higher cost of air travel in the economy?C. What factors are contributing to the steep rise in the federal government's total debt?D. Will the inflation rate remain relatively stable this year?
- SHORT ANSWER Workers on the manufacturing floor are being replaced by robots. For the U.S. economy this is good and bad. The good - Automation allows companies compete with cheap labor from other countries. The bad - Automation eliminates jobs. In your opinion: Where is this trend heading and how will it impact the U.S. economy long term? What policies or legislation would you propose to make the situation better going forward?Choose the statement that does not describe Microeconomics. a. The effect of an increase in the Tax on cigarettes on cigarette sales b. The purchasing decisions that an individual consumer makes. c. The effect of increasing the money supply on inflation. d. All of theseSome of the poor and middle-income students end up paying high tuition fees inprivately-owned universities and colleges while some of the rich students get to enjoy free or very low tuition fees of state universities and colleges in the country. a.) Why is this happening in the country?
- Need only answer The large spike in the inflation rate in New Zealand and other developed countries in the mid 1970s was mainly caused by Select one: a. the onset of the Great Depression. b. the Korean War. c. the formation of OPEC and the creation of the oil crisis. d. government borrowing to fund "Think Big" projects. One of the reasons why incomes in the Roman Empire around the year 1 A.D. were higher than European incomes in the year 1000 A.D was that Select one: a. many useful Roman inventions had been forgotten by the year 1000 A.D. b. the climate had cooled by the year 1000 A.D. making growing food more difficult. c. Roman law enabled trade and commerce. d. the slave economy of Rome was a more efficient economic model than the feudal economy of the Middle Ages. Adam Smith argued which of the following? Select one: a. It is not the accumulation of gold and silver that increases well-being but what can be done with gold and silver. b. From each according to his abilities, to…Economics is best defined as the study ofa. how society manages its scarce resources.b. how to run a business most profitably.c. how to predict inflation, unemployment, andstock prices.d. how the government can stop the harm fromunchecked self-interest.What does the invisible hand concept, introduced by Adam Smith, refer to in economics? A. The role of government in regulating markets B. The self-regulating nature of markets where individuals pursuing their own self-interest unintentionally benefit society C. The importance of charity and philanthropy in economic development D. The role of central banks in controlling interest rates