Questions
MUF0062 Economics Unit 2 - Semester 2, 2025 Revision Quiz Introduction to Macroeconomics
Single choice
Which of the following is a Macroeconomics topic rather than a Microeconomics topic?
Options
A.a. The effect of an increase in tax on the market for alcohol
B.b. A smaller than average increase in the level of economic growth in Australia
C.c. A decrease in average costs of production for Toyota motor company
D.d. The effect of a cyclone on the price of bananas
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Step-by-Step Analysis
When distinguishing macroeconomics from microeconomics, we look at the scale of the phenomena being studied.
Option a: The effect of an increase in tax on the market for alcohol. This is about a single market (alcohol) and how a policy (tax) affects that market, which is a microeconomics topic because it focuses on ......Login to view full explanationLog in for full answers
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