Which of the following would be most closely related to microeconomics? The extent to which people...

Which of the following would be most closely related to microeconomics?

The extent to which people leaving the labor force affects unemployment.

How rising wages affect the choice of working instead of going to school.

How rising prices cause standards of living to fall.

The effect of improving consumer confidence on economic growth.

Explain your reasoning:

Expert Solution

Ans) Microeconomics studies the economies within the national economy. That is, it focuses on small segments like consumer behaviour, particular market segment etc.

On contrary, macroeconomics takes into account the whole economy. And therefore studies aggregate demand/supply, employment/unemployment, inflation etc.

Here option b is more closely related to microeconomics because it is trying to study the consumer behaviour that how consumers react on increasing wages.

Whereas option a, c and d are trying to study the bigger picture. As option a talks about unemployment, which is studied at national level. Option c talks about standard of living, which again is microeconomic concept as we define standard of living of a country. And option d talks about effect of consumer confidence on economic growth which is macroeconomic concept as growth is defined of whole economy and not of any particular segment.

Rahul Sunny answered 11 months ago

Which of the following responses is most closely related to the statements.

Which of the following responses is most closely related to the statements. Known or postulated etiology Associated with decreased surfactant production A yet unknown hereditary link Unknown etiology Associated with low birth weight and pre-term birth. Associated with Atelectasis. A. Respiratory Distress Syndrome (RDS) B. Sudden Infant Death Syndrome (SIDS) C. Both of the responses D. None of the responses

Which of the following would be studied in microeconomics?

Which of the following would be studied in microeconomics? a. Why did Circuit City go out of business? b. Why does the price of gasoline usually increase in summer? c. Why does organic produce cost more than produce sprayed with pesticide? d. How can car makers improve mileage for their vehicles at a reasonable cost? e. All of the above.

Which of the following would be studied in Microeconomics?

Which of the following would be studied in Microeconomics? a. The level of prices in the American economy b. The fixed costs of the Mxyzptlk Corporation c. Aggregate demand in the second quarter of 2020 d. The balance of trade differential with China

Racism is most closely associated with which of the following?

Racism is most closely associated with which of the following? ideologies structural Functionalism education Thistoricity

Which trait would be most closely associated with high levels of mobility?

Which trait would be most closely associated with high levels of mobility? A body cavity Germ layers A cuticle Cephalization Incomplete metamorphosis

what are the gymnosperm phyla? which of them do you think is most closely related to...

what are the gymnosperm phyla? which of them do you think is most closely related to the angiosperms? why?

The conservation of charge in an electric circuit is closely related to which of the following?...

The conservation of charge in an electric circuit is closely related to which of the following? Group of answer choices Ohm's law Kirchhoff's junction rule Kirchhoff's loop rule Newton's laws Ampère's law

Which phase of the business cycle would be most closely associated with an economic contraction?

Which phase of the business cycle would be most closely associated with an economic contraction? Peak Trough Recovery Recession

1. Who is most closely related to SUPPLY-SIDE economics?

1. Who is most closely related to SUPPLY-SIDE economics?Robert LucasMilton FriedmanAlan BlinderJohn Maynard KeynesArthur Laffer2. Who is most closely related to NEW CLASSICAL economics?Alan BlinderArthur LafferRobert LucasMilton FriedmanJohn Maynard Keynes3. Who is most closely related to NEW KEYNESIAN economics?Robert LucasAlan BlinderMilton FriedmanArthur LafferDavid Ricardo4. Who is most closely associated with the notion of ABSOLUTE ADVANTAGE?Robert LucasAdam SmithMilton FriedmanDavid RicardoAlan Blinder5. Who is most closely associated with the notion of COMPARATIVE ADVANTAGE?Group of answer choicesDavid RicardoRobert LucasAdam SmithMilton FriedmanAlan Blinder

Identify which of the following would be studied as a part of microeconomics, and which would be studied as a part of macroeconomics.

Identify which of the following would be studied as a part of microeconomics, and which would be studied as a part of macroeconomics. You may do this quite briefly. Simply list the letters A thruJ - and write "micro" or "macro" next to each one. a- Costco b - The Bahamas c - International trade d - GDP (Gross Domestic Product) e - Danielle's Plumbing and Heating f- Debra's Chicken Wings and Soda Fountain g - Inflation h - The Red Cross i - A trip to the grocery...

Question