Which of the following is a microeconomics question? Select one: O a. Why do some countries grow faster than others? O b. Should Congress and the president take action to reduce the unemployment rate? O c. Should the government attempt to influence the interest rate to lower inflation? O d. Is it sensible for a government to subsidize college education?
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- Which of the following is a microeconomics question? Select one: Is it sensible for a government to subsidize college education? O a. Ob. Should Congress and the president take action to reduce the unemployment rate? O c. Why do some countries grow faster than others? O d. Should the government attempt to influence the interest rate to lower inflation? eQuestion 5 Which of the following is a microeconomics question? Should the government use fiscal policy to bring down inflation? O Should the government put a tax on alcohol in an attempt to reduce highway fatalities? O Should we have a constitutional amendment to balance the federal budget? O Should the Fed increase interest rates?If someone was to conduct a study in the field of microeconomics, which of the following questions might they attempt to answer? Select the correct answer below: O What causes the economy to grow over the long term? What determines the level of economic activity in a society? What determines how many jobs are available in an economy? When will a firm decide to expand, downsize, or close?
- All of the following economic questions deal with microeconomics EXCEPT: а. Are the country's resources being fully utilized or are some lying idle? O b. How is the supply of goods allocated among members of the society? O c. Is purchasing power being eroded because of inflation? O d. Is the economy's capacity to produce goods growing over time?Choose the statement that does not describe Microeconomics. a. All of these O b. The purchasing decisions that an individual consumer makes. The effect of increasing the money supply on inflation. O d. The effect of an increase in the Tax on cigarettes on cigarette salesMacroeconomics is the study of O A. how prices are determined in markets O B. the choices that individuals and businesses make as they interact in markets O C. the choices that businesses make. O D. the national economy and the global economy.
- Which of the following are microeconomicissues? Which are macroeconomic issues?a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold?b. What will cause the nation’s inflation rate tofall?c. How does a quota on textile imports affectthe textile industry?d. Does a large federal budget deficit reduce therate of unemployment in the economy?ii. Identify each of the following topics as being part of microeconomics or macroeconomics: d.factors influencing the rate of economic growth. e.factors influencing the demand for tractors. f.the impact of tax policy on national saving.1. Classify the following as microeconomics or macroeconomics and provide a justification for your choice. a. The effect of rising oil prices on employment in the airline industry. b. A comparison of alternative tax policies and their respective impacts on the rate of the nation’s economic growth. c. Changes in the nations unemployment rate over short periods of time. d. The effect of changes in household saving rates on the growth rate of national income.
- which of the following questions is not a microeconomic question? oa. why is wealth unequally distributed throughout the population? b. why is the price of computers falling? o c. why does the government spend more than it collects in taxes? d. what can we do to increase the number of people attending college?Which key concept justifies the study of economics Select one: O a. money O b. GDP O c. Inflation O d. Scarcity O e. supply and demand.1. Classify the following questions as Microeconomics or Macroeconomics and provide a justification for your choice. (i) How will the market for melons be affected after Hurricane Dean? (ii) How much will the Trinidadian economy grow this year? (iii) What are the factors which determine the choice that a person makes between buying a Honda Accord or a Toyota Corolla? (iv) What will the inflation rate be for Belize?