Which of the following can best be characterized as a subject of macroeconomics? an examination of inflation an examination of consumer behavior an examination of where goods come from O an examination of how much of a particular good gets produced
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- Which of the following are microeconomicissues? 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 tofall?c. How does a quota on textile imports affectthe textile industry?d. Does a large federal budget deficit reduce therate of unemployment in the economy?Question 10 Which of the following is a macroeconomic question? O How many textbooks should be published by a publisher? O What is the rate of unemployment? O What is the price of a new 40-inch television? O How do members of a household decide whether to clean their own houses or hire someone else to do it? O How much should English majors earn after college?Which of the following is a macroeconomic question? How many textbooks should be published by a publisher? O How much should English majors earn after college? How do members of a household decide whether to clean their own houses or hire someone else to do it? What is the rate of unemployment? O What is the price of a new 40-inch television?
- Which one of the following is a Normative statement? O a. Popcom and chocolates are sold in movie theatres O b. Chocolates are more expensive than newspapers Oc The price of chocolate is $1.25 each Od. You should eat less chocolate Which of the following is a Normative statement? O a. The unemployment rate is too high O b. 40% of the public believes that the unemployment rate is too high Oc The unemployment rate increased last month Od. All of theseIn a microeconomic model, how would you differentiate between an 'exogenous' variable and an 'endogenous' variable? O Endogenous variables are those determined within the model, while exogenous variables are given from outside the model. O Exogenous variables are those which economists do not study, while endogenous variables are heavily studied. O Exogenous variables are variables that economists cannot measure, while endogenous variables are measurable. Exogenous variables cannot influence endogenous variables in any economic model. O More than one of the above.BRIEFLY EXPLAIN IT CONSISELY 1. Reffering to the picture below, understanding economics, explain how a microeconomic system works by describing the inter-relationships of the variables indicated in the said model or diagram 2. In relation to the diagram, which is the microeconomic system identify atleast 3 principles of economics that are applicable in the said system.
- A possible headline from the local media is: "The government should ban hand guns" This headline provides an example of a O A. normative statement about a microeconomic issue O B. non-economic positive statement O C. positive statement about a macroeconomic issue O D. positive statement about a microeconomic issue O E. non-economic normative statementQUESTION 19 Which of the following is a microeconomic statement? OA The real domestic output increased by 2.3 percent last B. Unemployment was 6.5 percent of the labor force last year O C. The price of personal computers declined 4.7 percent last year OD. The general price level increased by 3.1 percent last year year QUESTION 20 Save All Answe Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELLAn economy produces two goods, clothing and petroleum. Which of the following would explain a pivot inwards along the petroleum аxis? Select one: O a. a productive improvement in clothing production that has no effect on petroleum production O b. an increase in the size of the labor force that can produce either petroleum products or clothing O c. major oil reserves in Alaska are declared off-limits to producers in order to protect the environment O d. major oil reserves are discovered off the coast of Africa Oe. a productive improvement in petroleum production that has no effect on clothing production