Which of the following questions would not be studied by a microeconomist but would be studied by a macroeconomist?
a. Why do national economies grow?
b. What percentage of consumer income is spent on entertainment?
c. Why do workers prefer the 4-day workweek?
d. How is the electric industry harmed by the passage of new clean air legislation?
QUESTION 2Which of the following markets is closely related to macroeconomics?
a. Cattle futures market. b. Fulton's fish market.
c. Skilled labor market. d. Nation's unemployment rate.
QUESTION 3Which of the following is a macroeconomic subject?
a. Shipping rates. b. Price of corporate stock.
c. Market price of Japanese cars. d. Unemployment rate in the nation.
QUESTION 4Macroeconomics deals with the analysis of all of the following questions except:
a. why do national economies grow.
b. what determines a nation's savings and investments.
c. how does a central bank influence inflation.
d. why does a country experience recessions.
e. how does Microsoft price its software packages.
QUESTION 5A sub-discipline of economics that looks at the economy as a whole is:
a. macroeconomics.
b. microeconomics.
c. positive economics.
d. normative economics.
e. impossible to model.
QUESTION 6The television network newscaster reports that the national inflation rate the past year equaled 4 percent. This report would be of particular interest to a ____.
a. microeconomist.
b. normative economist.
c. macroeconomist.
d. Ceteris paribus.
e. social science economist.
QUESTION 7The branch of economics that focuses on economywide variables like inflation and unemployment is called:
a. macroeconomics. b. microeconomics.
c. free-market economics. d. aggregate economics.
QUESTION 8Which of the following is included in the study of macroeconomics?
a. Salaries of college professors. b. Computer prices.
c. Unemployment in the nation. d. Silver prices.
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