5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied...

5. Microeconomics and macroeconomics

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.

	Microeconomics	Macroeconomics
The effect of an increase in consumer income on demand for smart phones
The effects of government tax policy on long-term economic growth
A consumer's optimal choice when buying a flat-screen TV

Expert Solution

Microeconomics and macroeconomics

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.

	Microeconomics	Macroeconomics
The effect of an increase in consumer income on demand for smart phones	?
The effects of government tax policy on long-term economic growth		?
A consumer's optimal choice when buying a flat-screen TV	?

Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Microeconomics is the study of how prices and quantities are determined through interactions between buyers and sellers (individuals and firms) in individual markets.

Macroeconomics is the study of economy-wide phenomena. Macroeconomics is the study of factors that affect the entire economy.

Rahul Sunny answered 2 years ago

5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied...

5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a cigarette tax on the quantity of cigarettes sold The effect of federal government spending on the national unemployment rate A consumer's optimal choice when buying a flat-screen TV

Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in...

Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of federal government spending on the national unemployment rate A consumer's optimal choice when buying a flat-screen TV The effect of government regulation on a monopolist's production decisions

Determine whether each of the following topics would more likely to be studied in microeconomics or macroeconomics.

Determine whether each of the following topics would more likely to be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effects of the internet on the pricing of used cars The effect of government regulation on a business firm's costs and prices The government's decision on how much to spend on...

Determine whether each of the following topics would more likely to be studied in microeconomics or...

Determine whether each of the following topics would more likely to be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics How a change in interest rates by the Federal Reserve impacts unemployment The government's decision on how much to spend on public projects The effect of government regulation on a business firm’s costs and prices

1. In macroeconomics, which of the following topics would most likely be studied? a. Bob's budget...

1. In macroeconomics, which of the following topics would most likely be studied? a. Bob's budget b. Nike's costs of production c. The growth rate of the oil industry d. Unemployment in Mexico 2. The GDP deflator: a. measures price changes for everything produced in the country. b. may include goods produced abroad. c. is computed using the quantities that are consumed in the economy each year. d. is the same as PPI. 3. The labor supply curve: a. is...

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...

Identify each of the following as topics of study in either microeconomics or macroeconomics: *please explain...

Identify each of the following as topics of study in either microeconomics or macroeconomics: *please explain each one so I understand why A. The impact of the Obama economic stimulus plan of Gross Domestic Products (GDP). B. The impact of the Obama economic stimulus plan on the solar power industry. C. The impact of the Obama economic stimulus plan on the interest rates and unemployment in the aggregate US economy. D. The effect of increased use of ethanol as a...

For each of the following statements, indicate whether the statement relates to macroeconomics or microeconomics. [Each...

For each of the following statements, indicate whether the statement relates to macroeconomics or microeconomics. [Each is 2 points] a. Unemployment soars in Spain b. The price of gasoline in the United States has increased this year c. The U.S. government cuts taxes to combat a recession d. The quantity of wheat grown in the United States this year is higher than last year’s wheat production. e. Delta Airlines has changed its fares in response to an increase in jet...

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

Question

5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied...

Solutions

Expert Solution

Related Solutions

5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied...

Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in...

Determine whether each of the following topics would more likely to be studied in microeconomics or macroeconomics.

Determine whether each of the following topics would more likely to be studied in microeconomics or...

1. In macroeconomics, which of the following topics would most likely be studied? a. Bob's budget...

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

Identify each of the following as topics of study in either microeconomics or macroeconomics: *please explain...

For each of the following statements, indicate whether the statement relates to macroeconomics or microeconomics. [Each...

Which of the following would be studied in microeconomics?

Which of the following would be studied in Microeconomics?