NEED ACCURATE ANSWERS TO THESE MACROECONOMIC QUESTIONS:

11. Each of the following is a basic concern of any economic system except

a. The distribution of output among customers

b. The quality of resources allocated among customers

c. The mix of different types of output

d. The allocation of scarce resources among producers

12. For Jill to have a comparative advantage in the production of pins means that, relative to Jack, with the same resources

a. Jill is relatively better at producing both pins and needles

b. Jill is relatively better at producing pin than at producing needles

c. Jill can produce more pins than jack can produce

d. Jill can produce fewer needles than jack can produce

13. Along a given supply curve for eggs

a. Supplies increase as technology improves

b. quantity supplied increases as technology improves

c. Supply increases as price increases

d. Quantity supplied increases as price increases

14. Consumers expect their income to rise. For a normal good, this would result in an increase in

a. Demand and a fall in price

b. Quantity demanded and a fall in price

c. Demand and a rise in price

d. Quantity demanded and a rise in price

15. A rightward shift in the supply of U.S. cars might be due to

a. A reduction in foreign competition

b. The introduction of cost-saving robots

c. An increase in the price of steel

d. Increased popularity of foreign cars

16. If the market is in equilibrium, a technological improvement will cause price to ___ and quantity demanded to ___

a. Fall ; fall

b. Rise ; rise

c. Fall ; rise

d. Rise ; fall

17. Generic aspirin is an inferior good. As Julie's income decreases we would expect

a. An increase in the Julie's demand for generic aspirin

b. An increase in Julie's quantity demanded of generic aspirin

c. A decrease in Julie's quantity demanded of generic aspirin

d. A decrease in Julie's demand for generic aspirin

18. Among a given demand curve for corn, which of the following is not held constant?

a. The price of corn

b. The price a wheat

c. The income of corn farmers

d. The income of corn demanders

19. The demand curve is best illustrated by

a. An increase in income, which results in reduced purchases of soft drinks

b. Increase purchases of coke as the price of coke decreases

c. The price of pepsi raises leading customers to buy more coke

d. An increase in income, which results in n increased purchases of coke

20. Union introduced new costly regulations in the tuna market to protect workers. We would expect the equilibrium cost of tuna to ___ and the equilibrium quantity of tuna to ___

a. Decrease ; increase

b. Increase ; increase

c. Decrease ; decrease

d. Increase ; decrease