Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 1.1, Problem 1Q

(a)

To determine

Identify whether the impact of tax on aggregate output deals with microeconomics or macroeconomics.

(b)

To determine

Identify whether the impact of relationship between the two competing firms’ price behavior deals with microeconomics or macroeconomics.

(c)

To determine

Identify whether the farmer’s decision to plant soy or wheat deals with microeconomics or macroeconomics.

(d)

To determine

Identify whether the effect of trade on economic growth deals with microeconomics or macroeconomics.

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Question 1 Classify the following as microeconomics or macroeconomics and provide a justification for your choice. The optimal choice of output for a firm that produces Choose. electric heaters. Choose. A worker's decision about how many hours to work. Micro, examining one individual The impact of new technology in the market for DVD recorders. Macro, examining one firm in economy The relationship between education and economic growth. Macro, examining entire economy The effect of government spending on the nation's Micro, examining one specific firm unemployment rate. Micro, examining one sector of economy Please answer all parts of the question. Macro, examining one sector in economy
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