Which of the following is a microeconomics question?Select one:Is it sensible for a government to subsidize college education?O a.Ob.Should Congress and the president take action to reduce the unemployment rate?O c. Why do some countries grow faster than others?O d. Should the government attempt to influence the interest rate to lower inflation?e

Microeconomics is a branch of economics that deals with issues concerning an individual, individual…

Answered: Which of the following is a…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 5PA

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Similar questions

Which one of the following does NOT represent a key macroeconomic variable? O A. The population growth rate. O B. Gross Domestic Product (GDP). O C. The inflation rate. O D. The unemployment rate.
|The per capita output of an economy is likely to increase if: a. the government manages the foreign investment in the economy. O b. the population of the country grows faster than its labor force. O c. the government controls the number of illegal immigrant workers in the economy. O d. the government increases the tax rates. e. the number of workers in the economy grows faster than its population.
Macroeconomics is the study of O A. how prices are determined in markets O B. the choices that individuals and businesses make as they interact in markets O C. the choices that businesses make. O D. the national economy and the global economy.
Which of the following is not included in macro environment? O a. Competitors b. Economic O C. Political o d. Demographic
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?
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"
Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertainty
Which of the following is FALSE? Select one: a. The consumer price index gives economists a way of turning dollar figures into meaningful measures of purchasing power. O b. The consumer price index is used to measure the quantity of goods and services that the economy is producing. O c. The consumer price index is used to monitor changes in the cost of living over time. O d. The percentage change in the CPI is a measure of the inflation rate, but the percentage change in the GDP deflator is not a measure of the inflation rate. O e. The consumer price index is used by economists to measure the inflation rate.
3. Why do we need a theory to understand real-world labor market problems? 4. What is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?
High employment is: The goal of maintaining a healthy labor market in which at least 96% of workers can earn a livable wage. The goal of maintaining a low national unemployment rate of about 4-5% of the labor force. O The goal of maintaining a low unemployment rate of 4-5% in every regional and local labor market in the country. The goal of maintaining a free and fair national labor market in which all workers can compete for jobs. The goal of maintaining a low national unemployment rate of near 0% unemployment of the labor force. a A Moving to the next question prevents changes to this answer. $ 4 R FL V % 5 T G 19 B 6 tv MacBook Pro Y H & N U J * 00 8 M A 4+ 1 ( 9 K Nc ✓ O < 4 ) O L W P
3.Answer the questions below.a.Explain what “brain drain” isand what are the reasonsfor it.b.Explain what “brain gain” is, by evaluating it in terms of economic development.
Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a macroeconomic issue? Select one: O a. "Central Bank Raises Interest Rates" O b. "United Workers Union to Strike April 15" O ."Fanny's Freeze Dried Prunes to Lay Off 50 Workers" Od. "Auto Dealership to Cut Prices"

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