(a)
Identify whether Country U’s interest rate is lowered to decrease the amount of
(b)
Identify whether the fact that more and more doctors selling their practices to managed care networks increase the efficiency of medical providers dealing with microeconomics or macroeconomics.
(c)
Identify whether the federal income tax is lowered to reduce the unemployment that deals with microeconomics or macroeconomics.
(d)
Identify whether the federal minimum wage raised deals with microeconomics or macroeconomics.
(e)
Identify whether Company S and Company V are allowed to build the local phone network policies that deals with microeconomics or macroeconomics.
(f)
Identify whether the commercial banks are required to provide loans in all area policies that deal with microeconomics or macroeconomics.
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Macroeconomics (Mcgraw-hill Series in Economics)
- Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire the relationship between the inflation rate and changes in the quantity of moneyarrow_forwardClassify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money.arrow_forwardSuppose the fictional country of Yellowstone produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for millet, an agricultural good, and electric scooters, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a time-saving innovation in the manufacturing of electric scooters. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ELECTRIC SCOOTERS (Thousands) 420 350 280 210 O 140 70 0 0 40 80 120 PPF 160 200 240 PPFarrow_forward
- Classify the following topics as relating to microeconomics or macroeconomics. The family’s decision about how much income to spend on food. The effect of government regulations on auto emissions. The impact of higher public savings on economic growth. A monopolist’s decision about how many units to sell. The relationship between the inflation rate and the unemployment rate.arrow_forwardDo economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?arrow_forwardQuestion 04: Positive or Normative statements? Indicate whether each of the following statements is a positive or normative economic statement: Statement from our Illinois Senators websites… Dick Durbin's website: America now owes over $14 trillion to our creditors. Referring to the above statement Durbin states: This is simply unsustainable. Tammy Duckworth's website: The Family and Medical Leave Act, known as FMLA, [gives] some new parents the opportunity to take up to 12 weeks of unpaid leave. Duckworth later states: we should pass common-sense legislation to make the workplace more accommodating for working parents. Question 5 options: A) in order: positive, positive, normative, normative B) in order: normative, positive, normative, positive C) in order: positive, normative, positive, normative D) in order: normative, normative, positive, positivearrow_forward
- Classify each of the following statements as positive or normative: Society faces a short-run tradeoff between inflation and unemployment. A reduction in the rate of growth of money will reduce the rate of inflation. The Federal Reserve should reduce the rate of growth of money. Indiana should require welfare recipients to look for jobs. Lower income tax rates encourage more work and more saving.arrow_forwardIdentify each of the following topics as being part of microeconomics or macroeconomics: a. the impact of a change in consumer income on the purchase of luxury automobilesarrow_forwardAnalyze whether each of the following is primarily a microeconomic or a macroeconomic issue: a) Setting the price for a cup of coffee. b) Measuring the impact of tax policies on total household spending in the economyarrow_forward
- Classify the following as microeconomics or macroeconomics and provide a justification for your choice. The optimal choice of output for a firm that produces electric heaters. A worker's decision about how many hours to work. The impact of new technology in the market for DVD recorders. The relationship between education and economic growth. The effect of government spending on the nation's unemployment rate. Choose... Choose... Choose... Choose... Choose... ◆ ◆arrow_forwardIdentify each of the following topics as being part of microeconomics or macroeconomics: The impact of a change in consumer income on the purchase of luxury automobiles (a) macroeconomics (b) microeconomicarrow_forwardWhich of the following explains the difference between microeconomics and macroeconomics? (A) microeconomics studies the impact of government taxes on the national unemployment rate (B) macroeconomics studies the impact of government regulation and taxes on the price of individual commodities and services while microeconomics does not (C) use different sets of tools and ideas (D) microeconomics studies the decisions of individuals and firms and macroeconomics studies the entire economyarrow_forward
- Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc