Questions from Macroeconomics

Q: A change in X will lead to a change in Y;

A change in X will lead to a change in Y; the predicted change is desirable, so we should change X. Do you agree or disagree? Explain.

Q: Why do people enter into exchanges?

Why do people enter into exchanges?

Q: Represent the following data in bar graph form (a)

Represent the following data in bar graph form (a) Sales of hot dogs and sales of hot dog buns (b) The price of winter coats and sales of winter coats (c) The price of personal computers and the pro...

Q: When two individuals enter into an exchange, you can be sure

When two individuals enter into an exchange, you can be sure that one person benefits and that the other person loses. Do you agree or disagree with this statement? Explain your answer.

Q: What is the difference between positive economics and normative economics? Between

What is the difference between positive economics and normative economics? Between microeconomics and macroeconomics?

Q: Would there be a need for a rationing device if scarcity did

Would there be a need for a rationing device if scarcity did not exist? Explain your answer.

Q: Jackie’s alarm clock buzzes. She reaches over to the small table

Jackie’s alarm clock buzzes. She reaches over to the small table next to her bed and turns it off. As she pulls the covers back up, Jackie thinks about her 8:30 American history class. Should she go t...

Q: If you found $10 bills on the sidewalk regularly, we

If you found $10 bills on the sidewalk regularly, we might conclude that individuals don’t try to maximize net benefits. Do you agree or disagree with this statement? Explain your answer.

Q: The person who smokes cigarettes cannot possibly be thinking in terms of

The person who smokes cigarettes cannot possibly be thinking in terms of costs and benefits because it has been proven that cigarette smoking increases one’s chances of getting lung cancer. Do you agr...

Q: Janice decides to go out on a date with Kyle instead of

Janice decides to go out on a date with Kyle instead of Robert. Do you think Janice is using some kind of “rationing device” to decide who she dates? If so, what might that rationing device be?