Which of the following topics would be covered in macroeconomics? the effects of an increase in supply of steel on the airplane industry changes in the national unemployment rate the effect of interest rates on the automotive industry the way a firm maximizes profits
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- Macroeconomics: What effect will each of the following have on the demand for small automobiles such as the Honda Civic or Ford Focus? A supply schedule or curve shows that, other thingsequal, the quantity of a good supplied varies directlywith its price. The supply curve shifts because of changes in (a) resource prices (b) technology (c) taxes or subsidies (d) prices of other goods (e) expectations of futureprices (f) the number of suppliers A change in supply is a shift of the supply curve; achange in quantity supplied is a movement from onepoint to another on a fixed supply curve. Questions: Small automobiles become more fashionable. The price of large automobiles rises (with the price of small autos remaining the same). Income declines and small autos are an inferior good. Consumers anticipate that the price of small autos will greatly come down in the near future. The price of gasoline substantially drops.Macroeconomics: What effect will each of the following have on the demand for small automobiles such as the Honda Civic or Ford Focus? A supply schedule or curve shows that, other thingsequal, the quantity of a good supplied varies directlywith its price. The supply curve shifts because of changes in (a) resource prices (b) technology (c) taxes or subsidies (d) prices of other goods (e) expectations of futureprices (f) the number of suppliers A change in supply is a shift of the supply curve; achange in quantity supplied is a movement from onepoint to another on a fixed supply curve. Questions: Consumers anticipate that the price of small autos will greatly come down in the near future. The price of gasoline substantially drops.What is the importance of studying macroeconomics in our daily lives? (80 words minimum)
- Which of the following is a macroeconomic issue? The price of butterThe number of new cars producedThe growth rate of total outputThe price of products sold in the steel industryThe price of cell phone service Question 8.8.When economists make the assumption that wants are unlimited, they mean that most people want more of everything.are satisfied with what they have.want more of some goods, even if they don’t want more of everything.don’t care what they have.are greedy. Question 9.9.What will cause a change along the supply curve? The supplier’s expectationsThe supplier’s costsThe price of the goodThe price of all other good? Question 10.10.Ceteris paribus, as applied in demand theory, means accounting for all possible simultaneous changes.holding constant all factors that affect demand except one.observing the real world.holding technology and resource prices constant.holding one input constant while changing the other input.**** Which of the following can best be characterized as a subject of macroeconomics? an examination of the production of a good an examination of how a change in demand or supply impacts the price of a good an examination of specialization O an examination of monetary policyWhat is the difference between factor cost and market price? According to macro economics?
- Classify the following as microeconomics or macroeconomics andprovide justification A firm's decision about how many workers to hireFrom the econmics information below Answer THE QUESTION : If you have your own business, what do you learn From Starbucks case study? In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third…Give two factors that lead to the price of energy from new technologies to increase.
- classify the following as macroeconomics or micro economics and provide a justification for your choice from the list below: a) Macro, examining one sector in economy b) Macro, examining one firm in economy, c) Macro, examining entire economy, d) Micro, examining one specific firm, e)Micro, examing one individual f)Micro, examining one sector of economy 1. a firms decision abouthow many workers to hire 2.Susans decisision about how much income to save 3.The statistical institution in your country projects a 22.5% increase in the number of workers in the healthcare industry from 2008 to 2018 4. Parliament is debating the option of implementing a value added tax (vat) as a means to cut the government deficitexplain the difference between macroeconomics and microeconomics.this question is for Macroeconomics but it didn't show any option for Macroeconomics it just show economics. Use the table below to answer the following question. Table 21.3.2 Data from Southton Price (dollars) Price (dollars) Quantity (number) Quantity (number) Item Base Current Base Current Rubber Ducks Beach Towels 1.15 9.10 1.36 10.00 90 15 100 14 1) Refer to Table 21.3.2. From the data in Table 21.3.2. What is Southton's consumer price index for the current year? What is the rate of inflation over the current year? Show your calculations.
