Questions
Single choice
Which of the following is a Macroeconomics topic rather than a Microeconomics topic?
Options
A.a. The effect of a cyclone on the price of bananas
B.b. A decrease in average costs of production for Toyota motor company
C.c. The effect of an increase in tax on the market for alcohol
D.d. A smaller than average increase in the level of economic growth in Australia
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
Consider the scope of each topic in economics to distinguish macro from micro.
Option a: The effect of a cyclone on the price of bananas focuses on a specific good (bananas) and how a particular external shock alters its price in a market. This is a microeconomic conc......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
An economy is moving towards very weak growth. What consequences can be expected on the horizon?
An economy is moving towards very weak growth. What consequences can be expected on the horizon?
Question at position 11 Economic conditions of a country would include which of the following elements?Whether contracts are recognized and enforceableCivil unrest or political upheavalCorruption and fraudExchange rates and inflation
What is the primary focus of macroeconomics?
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!