Question :
11.Disney World decides to charge local residents a lower price : 1378963
11.Disney World decides to charge local residents a lower price than other park visitors. This would fall under which field of economics?
A. Macroeconomics
B. Public policy
C. Customer service
D. Microeconomics
12.Which of the following could be considered a microeconomic issue?
A. Chinese economic growth has declined.
B. The Federal Reserve cuts key interest rates in order to stimulate lending.
C. Walmart decides to add more self-checkout machines as the cost of labor rises.
D. India experiences a reduction in unemployment after opening its borders to trade.
13.Which of the following would be considered a microeconomic topic?
A. The review of quarterly national income accounting data
B. A firm decides to purchase pay per click online advertising
C. The Federal Reserve decides to increase the discount rate
D. The CPI reports a rise in inflation during July
14.Which of the following could be an example of a question that would be studied in microeconomics?
A. Why did our economic growth rate slow down during the 2000s?
B. How did the recession end in 2009 if unemployment continued to rise?
C. How will the legalization of marijuana affect the market for cigarettes?
D. When should Congress raise taxes in order to tackle the debt crisis?
15.Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?
A. Microeconomics
B. Marginal economics
C. Macroeconomics
D. Monetary economics
16.The field of _____________ would most likely study how all consumers respond to a hike in cigarette taxes, and the field of ______________ would most likely study how Bob responds to the tax.
A. microeconomics; microeconomics
B. microeconomics; macroeconomics
C. macroeconomics; microeconomics
D. macroeconomics; macroeconomics
17.The Bureau of Economic Analysis releases last quarter’s growth rate in real GDP. This release would most likely have been written by what kind of an economist?
A. A monetary economist
B. A macroeconomist
C. A microeconomist
D. An labor economist
18.Which of the following could be considered a macroeconomic topic?
A. iTunes raises the price of all its music.
B. iTunes raises the price of its pop artists music only.
C. Jay-Z decides to sell his Brooklyn Nets minority ownership.
D. The labor force participation rate fell by 1 percent in 2010.
19.Which of the following could be considered a macroeconomic issue?
A. T-Mobile and MetroPCS finalize a merger.
B. Twinkies goes bankrupt, and the entire snack industry experiences losses.
C. The unemployment rate falls to 7.5 percent from 7.7 percent during the month of June.
D. All of these are examples of macroeconomic issues.
20.Which of the following questions would a macroeconomist most likely try to answer?
A. What stage of the business cycle is our economy currently in?
B. Why do broadway musicals and airlines have different price discrimination strategies?
C. How much would marijuana consumption change if the market became legal?
D. Should the 5-Hour Energy firm increase its distribution from nationally to internationally?
