macro, micro or other
Not what you're looking for?
Which of the following categories fall under microeconomics, macroeconomis and other topics?
The change in price of consumer goods:
The government budget deficit
A decrease in canada's exports
A rise in profits in the steel industry
A suffering of the unemployed
A quebec election
A change in the price of a tv set at the store
An increase in the supply of wheat
Advice about buying specific stocks
Recessions
Competition in the long distance telephone calling business
The cost of the whole economy of the unemployment
Layoffs in a GM plant
A rise in total purchases of consumer goods across the whole country
A fall in total investments in Canada (means spending by all firms on buildings and equipment has fallen)
Purchase this Solution
Solution Summary
This job determines the category for macro, micro or other. The change in price of consumer goods are determined.
Solution Preview
Micro: study of economic behaviour of individual firms, industries or consumers
Macro: study of economic behaviour of groups such as all consumers, all businesses
The trick is that micro effects individuals (i.e one industry, one group of people) while macro is everyone on ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.