a. D) what causes recessions and depressions. C. Business purchase of a new car for a delivery vehicle. Q7. During an inflationary period, the prices of some goods will increase while the price or some goods will decrease. Attempt these simple quizzes with ease and grow. Start studying Chapter 5 Economics. Which of the following is not a weakness of the import substitution strategy of growth a. ANS: B 65.Which of the following was not a reason OPEC failed to keep the price of oil high? It could be amplified by the polymerase chain reaction. Attempt these MCQ based questions on the microeconomics theory and check your knowledge. (a) normative economics (c) microeconomics (b) positive economics (d) macroeconomics . Economics is the study of how society manages its scarce resources A typical society strives to get the most it can from its scarce resources. A) short- … B.It results in efficient allocation of resources. It was produced from pre-mRNA using reverse transcriptase. Which of the following is included in US GDP? A. Which of the following statements is (are) true? B) If the price of iPhones falls, a larger quantity of iPhones will be purchased. Which of the following is not true about agriculture's role in economic development a. Consumer purchase of a new car for personal use. C. It is concerned with every type of human behavior. d. Schumpeter. It helps in evaluating the costs and benefits of alternative actions. C) why do some countries have high rates of inflation. E. … In other words, the society faces a tradeoff between efficiency and equity A tradeoff exists between a clean … To determine the unemployment and inflation rate. Interest rate swap payments are made a. on the last day of the … B. A typical trend during a recession is that: A) the unemployment rate falls. Identify the letter of the choice that best completes the statement or answers the question. C) the role of money in markets. A Potential Cost Of Deficits Is That They Reduce National Saving, Thereby Reducing Growth Of The Capital Stock And Output Growth. No, that's not right. The quantity demanded of financial capital at any given interest rate will shift to the right. Answer: B Economics has its own language and its own way of thinking, but few other fields of study do. What branch of economics is concerned with interest rates and the gross domestic product (GDP) of the U.S. economy? The difference between the swap rate and the rate on a Treasury security of the same maturity is called the a. swap spread b. risk premium c. swap basis d. settlement spread e. LIBOR C 2. Which of the following statements, if any, is correct for a nation which is producing only consumption and investment goods? Macroeconomic topics do not usually include: a) the profit maximizing decisions of an individual manufacturer. Inflation is a sustained increase in … B. A. Economics is the study of: A) how to invest in the stock market. Which of the following is NOT a leakage from the circular flow of income and expenditure Government purchases. 20 seconds. The correct answer is C as this might result from greater economic growth but it is not one of its main causes. Study Choose the Correct Option from the Microeconomics Theory Flashcards Flashcards at ProProfs - Learn, study, and revise for the terms and definitions for microeconomics theory with the Flashcards quizzes. stability. b. ... All of the answers are correct. 13) The term business cycle refers to the. b. A is central to supply-side unemployment and B is also considered to be part of the supply-side theory. Provides labor for non-agricultural sector, b. Consumers … B) what is the rate of return on education. C) The government should revamp the health care system. B. studies the behavior of the economy as a whole C. studies how computer automation has changed economics D. studies the behavior of individual consumers, firms and markts Answer: B 2). b. Which of the following statements is TRUE of Behavioral Economics? c) the rate of inflation. Which of the following is not considered to be a macroeconomic goal? a. Understanding macroeconomics helps one become a better citizen. A. * 1) Which of the following is NOT a topic studied in Macroeconomics? The government should reduce the tax burden to help small business. Which of the following best describes the relationship illustrated between the aggregate demand (6.Suppose the government increases the expenditure . Full employment. 3. D. It is concerned only with money and financial aspects of human behavior. B) the unemployment rate. Micro Economics test #1. Which of the following is a macroeconomic statement? 1. D) the short run production capacity of an economy. International Economics Practice Quiz. To determine the equilibrium income in an economy. Use the IS - LM model to show the impact of the i; 7.1) Suppose a perfectly competitive labour market has a demand curve of LD = 120 − 2w and a supply For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. A. Motorcycle manufacturer prodcutivity decreased by … B)macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not. Macroeconomics A. involves the interaction between different coutnries in specific markets. A) The standard of living in the United States should be higher. c. Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist's language. 9. Transcribed Image Textfrom this Question. At the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. C is certainly a cause of unemployment, but not directly related to the demand-side theory. 1). B If GDP is less than GDE ( gross domestic expenditure) , then. They attempt to identify key determinants of macro performance. Q. Macroeconomics theory studies the following except how ________________. 5. B) the long run inflation rate. a. c. The real interest rate in year 2 is 12.7% . a. Macroeconomics does not try to answer the question of: A) why do some countries experience rapid growth. This preview shows page 1 - 3 out of 7 pages. 10/27/19, 11 : 30 PM Macroeconomics Chapter 4 Flashcards | Quizlet Page 1 of 7 Macroeconomics Chapter 4 Leave the first review STUDY PLAY Flashcards Learn Write Spell Test Match Gravity Created by erzpcc Terms in this set (18) Government purchase of a new car for the military. 5/11/2021 FIN402 CHAP 12 Flashcards | Quizlet 1/8 FIN402 CHAP 12 Home / Social Science / Economics / Finance Terms in this set (28) A 1. Its purpose is to replace orthodox economics b. a. Over the long run, producers of oil outside of OPEC responded to higher prices by increasing oil exploration and by building new extraction capacity. a. A) gross domestic product. 1. d. None of the above. Macroeconomics Quiz & Answers Essay example. c. Sustained economic growth. C) the long run unemployment rate. Macroeconomics is an economics branch that is concerned with the behavior, structure, performance, and decision-making of an economy as a whole. a. goods produced by foreign citizens working in the United States b. the difference in the price of the sale of an existing home and its original purchase price c. known illegal activities d. none of the above are correct d) the rate of unemployment. Which of the following statements is NOT true inflation? Answer: FALSE 3) The employment rate is the number of people employed divided by number of people in the labor force. 1.Price stability 2.Budget surplus 3.Economic growth 4.Equitable distribution of income. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The flashcards below were created by user jethro on FreezingBlue Flashcards . (a) normative economics (c) microeconomics (b) positive economics (d) macroeconomics. Which of the following is a positive macroeconomic statement: a. 10. d. Which of the following is not correct? b) economic growth. C. It asserts that people are System 2 thinkers and decision makers It considers individuals as Econs not Humans It assumes that people make decisions in a thoughtful way considering all of the available information e. Which of the following is not true about advertising? b. It tends to deal with high-level econometrics including those at a global scale. When there is inflation, the purchasing power of a dollar decreases. A) the long run growth path of the economy. Question: Which Of The Following Is Not Correct? 4) Which of the following is a positive economic statement? It studies the effects of any individual agent's choices on society. 3091 Words13 Pages. Answer: B. No, that's not right. The correct answer is C as this might result from greater economic growth but it is not one of its main causes. The others are causes of economic growth. Other factors affecting economic growth could include the application of new technology and the creation of a more efficient infrastructure and utilities sector. The real interest rate in year 2 is 4% . The Scope of Health Economics. Which of the following is a positive macroeconomic statement: a. The price of steel declined by... a. The price of steel declined by 3% last year. b. The government should reduce the tax burden to help small business. c. The productivity of hospitality workers increased by 1% in 2016. Your answer has been saved. Which of the following is not considered desirable, according to U.S. economic goals? In contrast, microeconomics, tends to focus on how individuals make decision based on scarce resources.. Deficits Give People The Opportunity To Consume At The Expense Of Their Children, But They Do Not Require Them To Do So. The correct answer is D, as this is the main reason demand-side unemployment arises. To determine international trade activities. Solutions for Chapter 20 Problem 6TYU: Which of the following would not be true of cDNA produced using human brain tissue as the starting material? countries that have higher output of growth per person have typically done so without higher productivity growth A Which of the following is not a macroeconomic objective? They are based on theories of macroeconomic behavior. Which of the following is not a correct explanation of economics? 10/27/19, 11: 30 PM Macroeconomics Chapter 4 Flashcards | Quizlet Page 2 of 7 When consumers and businesses have greater confidence that they will be able to repay in the future, _____. 1. 1. Also explore over 226 similar quizzes in this category. Question 2. The importance of money in causing depressions and in curing them is the view of a. Malthus b. Keynes. Farmers favored a strict gold standard to keep the money supply low They are very accurate predictors of economic occurrences. answer choices. Answer: A. Chapter 1 : Introduction to Macroeconomics. 15) "Dynamic inefficiency" in the context of … D.It creates brand loyalty. C. Friedman. 1) Macroeconomics is concerned with inflation or deflation, output growth and unemployment. b. 11)In broad terms the difference between microeconomics and macroeconomics is that A)microeconomics studies the effects of government taxes on the national unemployment rate. Which of the following would not affect the size of real GDP? Aggregate consumption in the steady-state accor none of the other answers are correct. e. None of the above are considered to be 6. Answer: TRUE They are mathematical summaries of the economy's performance. The real rate of inflation from year 1 to year 2 is 110 . Which of the following is not true about macroeconomic models? Which of the following is true? Other factors affecting economic growth could include the application of new technology and the creation of a … B. The price of steel declined by 3% last year. This page links to the review questions that will be used in the Module 1 quiz for you to take to test your knowledge of the … 12) The trend of the economy is. Thus, from these explanations, the correct … To determine type and quantity of goods to produced. if the CPI in 2008 is 115 and if 2007 is the base year then the inflation rate in this economy is 10% d. Inflation. 77. Macroeconomics is the basis for discussions of economics in the media. Health Economics Information Resources: A Self-Study Course. Macroeconomics can help you understand the limitations of monetary and fiscal policy but not individual decision-making. D. Consumer purchase of a rare renaissance painting. Answer: TRUE 2) Macroeconomics is concerned with the market price and equilibrium quantity of each good or service. macroeconomic goals. A.It is a form of nonprice competition. D) how government officials decide which goods and services are produced. 78. Multiple Choice. The others are causes of economic growth. 1 Answer to Question 1. B) how society uses limited resources. Provides a market for non-agricultural commodities, c. Source of industrial raw materials, d.* None of the above . Economists use some familiar words in specialized ways. Please take the quiz to rate it. Macroeconomics is the branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. Do you need some practice for an upcoming assignment or test? Do you wanna test your knowledge on it? Take the Quiz! Can You Really Pass This Macroeconomics Test? Trivia Quiz b. Germany can produce one watch for every 100 pounds of cheese it produces. C.It raises the price of goods and services. 2. Try this amazing Economics Mid-term Exam quiz which has been attempted 587 times by avid quiz takers. D) The U.S. government should not have bailed out U.S. auto manufacturers. A. Review Questions for Module 1 Quiz. C) the price …

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