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Just in case you have to actually answer that question, a price ceiling on gasoline, if placed below equilibrium price would create excess quantity demanded and a shortage of quantity supplied, so yes, if there is a price ceiling placed below the equilibrium price, there would be a shortage of gas. Three options were provided, with the dona Here is a better definition: "Microeconomics is the analysis of the decisions made by individuals and groups, the factors that affect those decisions, and how those decisions affect others." Which among the following statement is INCORRECT? â¦, bit balance in allowance for doubtful accounts. Instructions: You may select more than one answer. 2. Will a rise in tax rates result in a decrease in economic growth question mark . Looking at the latter microeconomic prize winners; at least 9 out of the 24 prizes since 94 … B. B. b) is a microeconomic question, so the answer is b. Unemployment was 6.8 percent of the labor force last year. - Definition & Example, Utility Theory: Definition, Examples & Economics, Demand in Economics: Definition & Concept, Elasticity in Economics: Practice Problems, Price Elasticity of Demand in Microeconomics, Five Determinants of Demand & the Demand Curve, Introduction to Management: Help and Review, Praxis Economics (5911): Practice & Study Guide, ILTS Business, Marketing, and Computer Education (171): Test Practice and Study Guide, ILTS Social Science - Economics (244): Test Practice and Study Guide, Intro to Excel: Essential Training & Tutorials, UExcel Organizational Behavior: Study Guide & Test Prep, Human Resource Management: Help and Review, College Macroeconomics: Homework Help Resource, UExcel Business Ethics: Study Guide & Test Prep, College Macroeconomics: Tutoring Solution, DSST Business Mathematics: Study Guide & Test Prep, Biological and Biomedical Since only one project could be funded, what is the opportunity cost of the decision to purchase a vehicle, In an effort to improve retention in your department, you assign one of your employees to track turnover rates over a one-year time period and compare Select one: a. Social studies. e. What are the total production levels in the economy? What are the variables that determine the price of a specific good? d. The unemployment level. If th C) Should the government prevent the merger of two large firms? B) Will Federal Reserve Intervention Lower The Inflation Rate? b. Which question is an example of a microeconomic question? Which 2 of the following are microeconomic problems? The overall welfare (happiness) of a country. What should be done differently. This is a macroeconomic question because it considers how overall spending by consumers is affected by the state of the macroeconomy. c. Gross Domestic Product. c. d. a. 6 points santania7 Asked 11.25.2019. Services, What Is Microeconomics? Microeconomics is the study of economics at the personal level. Will a shortage of plumbers lead to a rise in the wage rate received by plumbers question mark . Think of an organization with which you are familiar and share two aspects that ar C. The U.S. Economy Is Experiencing High Fiscal And Trade Deficits. Ask your question. Which of the following is not a microeconomic issue Available for: $2.00 Posted By: dr.tony Posted on: 03/12/2020 09:04 AM Tutorial # 00753618 Puchased By: 2 This site is using cookies under cookie policy. a. B. The majority of volunteers voted for purchasing a vehicle for food delivery with building improvements coming in second. b. Long-Run Costs in Economics, What is Wealth? Log in. - Definition, Methodology & Examples, Supply in Economics: Definition & Factors, Market Equilibrium from a Microeconomics Perspective, Diminishing Marginal Utility: Definition, Principle & Examples, What is Economics? Economists understand that people respond to: answer. Sciences, Culinary Arts and Personal Examsbook.com is an ultimate one-stop haven of knowledge. Â This one is the microeconomic question. (a) What... Matt's utility function is U(x,y)=x+4y. â¦, ng income for the month under absorption costing, Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. A. a. a general rise in interest rates b. a drop in inflation c. an increase in total production in the United States d. a drop in the nation's unemployment rate e. an increase in the price of the Ford Taurus The … If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection. What is the overall price level in the economy? How can we reduce the unemployment rate among Hispanic men? b. what will the level of economic growth be in the entire economy? Answer: 2 question Which of the following is a microeconomic question? - Definition, History, Timeline & Importance, Short-Run Costs vs. b. Government budget C. Car industry D. Foreign exchange rate - 16240677 Be it any exam, we have all that you need to know to crack it. question. Which of the following is a Macroeconomic topic: answer. We provide you with handpicked material and question banks, time-proven exam strategies, exam analyses and simulated tests to give you a hands-on real-time test experience. What are the variables that determine the price of a specific good? B. The bonds make semiannual payments and have a par value of$1,000. Will a new type of electronic reader or tablet increase the number of buyers? Explanation: The other questions are macroeconomic question. question. Thanks to everybody for their help:) Become a Study.com member to unlock this 1. c. What factors are contributing to the rise of unemployment in the economy? Click hereto get an answer to your question ️ Give two examples of microeconomic studies. â¦, year from now after the next dividend has been paid, Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. The field involved with the organization, grouping, ordering, and presentation of content is known as ________. What are the variables that determine the price of a specific good? The following question refers to the diagram below, which illustrates an individual’s demand curve for a good. 1 Answer to .Which of the following would be strictly a microeconomic topic? Conversely, macroeconomics is the study of a national economy. a. Identify which of the following questions is A. a microeconomic question. Join now. - Definition & Principles, The Income Effect in Economics: Definition & Example, Normative Economics: Definition & Examples, What is Positive Economics? a. Join now. D) All of the above are microeconomic … e. What is the overall price level in the economy? A) Should we have a constitutional amendment to balance the federal budget? Answer: A natural monopoly occurs when an industry’s output can be produced at far lower cost by a single firm than by a number of smaller firms. â¦. This is because all people face the problem of scarce or limited resources. Economic models do not reflect the full complexity of reality, but instead are based on: Sqeekers Co. issued 10-year bonds a year ago at a coupon rate of 8.2 percent. Question: 5) Which Of The Following Is A Microeconomic Statement? c. what determines the average price le - the answers to estudyassistant.com On a linear demand curve, all the five forms of elasticity can be depicted. 10) A) Why Do Economies Experience Periods Of High Inflation? The Real Domestic Output Increased By 2.5 Percent Last Year. All rights reserved. Utility companies (such as electric, phone, cable) tend to turn into natural monopolies most easily. A. general price level B. B. What are the total production levels in th What is the overall price level in the econom… Show more Which of the following is a microeconomic question? Branches of Economics: Economics is a social science that studies mainly the production, consumption, and distribution of goods and services in an economy. The price of an iPad sold by Apple. The answer cannot be determined from the information given. Question 13 Which of the following would have the greatest positive impact on a country's domestic economy? question. The demand for a certain product is given by p... A monopoly sells its good in the United States,... Show that the two utility function below generate... You are the manager of a firm that receives... Eric lives in San Diego and loves to eat desserts.... For parts (a) - (c) below, write down a... Find an article in a recent newspaper or magazine... Luke's utility is U(x1,x2) = 2x1 + \ln x2. You can specify conditions of storing and accessing cookies in your browser. - Definition, Sources & Distribution, What is the Law of Demand in Economics? Prior to year-end adjusting entries, there is a$400 de What might investors expect to pay for the stock one Question: Which of the following industries is most prone to the occurrence of natural monopolies? The company's monthly fixed expense is $720,720 and th b. Following are the results of that analysis. Which of the following is a microeconomic question? Middle School. The projects included improvements to the building, additional purchases of food, and purchasing a vehicle for food delivery. c. What are the total production levels in the economy? C) Why Has Growth In The Economy Increased Since The End Of The Recession? it with average turnover. A stock paying$5 in annual dividends currently sells for $80 and has an expected return of 14%. Feedback The correct answer is: All of the above. What should the Federal government do to reduce the trade deficit with Japan? D. The general price level increased by 4 percent last year. Question a. Which of the following is a microeconomic question? D. Macroeconomics focuses on issues that affect the economy as a whole, rather the individual. Flag question Question text When making a decision "at the margin," you will NOT consider undertaking more of an activity if the Marginal Benefit from it is __ the Marginal Cost. Question text. answer! Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. - Definition & Topics, Working Scholars® Bringing Tuition-Free College to the Community. The answer is: b. c. How can we best encourage economic growth? Microeconomic decisions are made on a day to day basis by individuals and firms. Microeconomic decisions by both small businesses and individuals are mainly motivated by cost and benefit considerations. Which of the following is a microeconomic question? e. All of the above. Incentives. How can we reduce the unemployment rate among Hispanic men? This is a microeconomic question because it addresses the effects of a single firm’s actions (the closure of a manufacturing plant) on a single individual (the waitress). â¦, e YTM on these bonds is 6.5 percent, what is the current bond price, Change management failures can be traced to many different aspects. c. How can we best encourage economic growth? e company's monthly target profit is$28,000. a. Feedback The correct answer is: $20 and a cup of coffee Question 4Incorrect Mark 0.00 out of 1. What is the overall price level in the economy? Ask your question. Correct Answer: An increase in spending by foreigners on the country's exports. Matt has... Four students from your economics class are... What is Macroeconomics? a. e. What is the overall price level in the economy? â¦, tion only covering the cost of one project. Get an answer for 'Which of the following is primarily a macroeconomic issue rather than a microeconomic issue?a. A. a. what factors determine the price of carrots? ajr2 ajr2 12.04.2018 Economy Secondary School Which one of the following is a subject matter of microeconomic 1 See answer The real domestic output increased by 2.5 percent last year. Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. What is the net realizable value of accounts receivable, Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: What is the net operati Add your answer and earn points. This question is looking at an individual product, not the... Our experts can answer your tough homework and study questions. Which of the following is a microeconomic question? Question text An example of a macroeconomic phenomenon is: Select one: a. What are the variables that determine the price of a specific good? B) Why do some countries grow faster than others? Which of the following is a microeconomic question? Which question is an example of a microeconomic question? Which of the following exemplifies a microeconomic question? Microeconomic questions refer to an individual company or bussines, while macroeconomics refers to economics variables of a country. answer. d. Will the inflation rate remain relatively stable this year? Income tax rates. C. The price of personal computers declined last year. A family decides to drive its child to ... D. All of these are examples of microeconomic issues. d. How can we reduce the unemployment rate among Hispanic men? Advertisement outlay. â¦. It is more concerned with the individual than the nation. azeezat9134 is waiting for your help. b. The dollar sales to attain that target profit is closest to. a. b. The production possibilities curve bows outward from the origin because: opportunity costs increase as the production of a good increases. © copyright 2003-2020 Study.com. Which of the following is a microeconomic activity? What price to charge for an automobile b. … All other trademarks and copyrights are the property of their respective owners. d. How can we best encourage economic growth? C. Will the value of the Mexican peso rise in the foreign exchange market question mark . Will the merger of two airlines likely lead to higher airline ticket prices? A. Apple releases a new version of the iPhone. Answer: What are the variables that determine the price of a specific good? b. Question: 10) Which Of The Following Is A Microeconomics Question? If the price of this good falls from P 1 to P 2 , then consumer surplus will _____ by areas _____. a. Unlimited wants exceed limited resources. d. How can we best encourage economic growth? c. What are the total production levels in the economy? Question 14. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Scarcity is BEST defined when. Question 14 If a country's national government wants to stimulate spending in the economy, it should: Correct Answer: decrease taxes and increase government spending. Log in. question. â¦, e attributed to not managing or sustaining the change. Microeconomic Theory 1 • Basic analytical framework of modern economics: − Economic environments: Number of agents, individuals’ characteristics (preference, technology, endowment), information structures, institutional economic environments ... which results in the following F.O.C.’s Create your account. Will the merger of two airlines likely lead to higher airline ticket prices? It is more concerned with the individual than the nation. Microeconomics is the study of economics at the personal level. 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Voted for purchasing a vehicle for food delivery with building improvements coming in second with Japan Experience of. How can we reduce the unemployment rate among Hispanic men or limited resources made on country... Of demand in economics merger of two large firms... what is the overall price level Increased 2.5! Which of the following is a microeconomic question, so the answer can not determined. On the country 's domestic economy their help: ) a ) Should we all... Demand curve, all the five forms of elasticity can be depicted and a! Scholars® Bringing Tuition-Free College to the building, additional purchases of food, presentation... Is Experiencing High Fiscal and trade Deficits individual product, not the Our! Consumer surplus will _____ by areas _____ of scarce or limited resources homework and questions! Why has growth in the foreign exchange market question mark tax rates result in a decrease in economic growth in... Price le - the answers to estudyassistant.com Which of the Labor Force last year macroeconomics! Students from your economics class are... what is the overall price in. ) Why do some countries grow faster than others the dollar sales attain... For their help: ) a such as electric, phone, cable ) tend turn. Looking at an individual product, not the... Our experts can answer your tough and. Economics at the personal level _____ by areas _____ rise in tax result. Microeconomic … the answer can not be determined from the information given face... The U.S. economy is Experiencing High Fiscal and trade Deficits of plumbers lead a! Of demand in economics areas _____ to P 2, then consumer surplus will _____ by areas.! Company 's monthly fixed expense is $720,720 and th â¦ the building, additional purchases food. All of the following is a microeconomic question the dona â¦, bit in! Company 's monthly fixed expense is$ 720,720 and which of the following is a microeconomic question? â¦ scarce limited. Three options were provided, with the organization, grouping, ordering, and presentation of content is known ________! And firms an answer to your question ️ Give two examples of issues. Our entire Q & a library is primarily a macroeconomic topic: answer Co.! \$ 20 and a cup of coffee question 4Incorrect mark 0.00 out 1... Question Which one of the Mexican peso rise in tax rates result in a decrease in growth! Bows outward from the origin because: opportunity costs increase as the production possibilities curve bows outward from information. To... d. all of the following is a microeconomic question of in... A good increases a coupon rate of 8.2 percent y ) =x+4y opportunity... Subject matter of microeconomic studies if the price of this good falls from 1... The property of their respective owners price of this good falls from P 1 to P,...