Which of the following is a Macroeconomics topic rather than a Microeconomics topic?

Question

BlackTom AI · Accepted Answer

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 supply, demand, and prices within a specific market.
Option b: A smaller than average increase in the level of economic growth in Australia. This statement concerns the overall growth rate of a country, which is a broad aggregate measure and reflects the performance of the entire economy. Such issues are central to macroeconomics, which analyzes national income, inflation, unemployment, and growth.
Option c: A decrease in average costs of production for Toyota motor company. This centers on a particular firm and its production costs, a classic microeconomic topic focusing on firm behavior, economies of scale, and cost structures.
Option d: The effect of a cyclone on the price of bananas. While natural events affect prices, this analysis typically looks at a specific agricultural market and price dynamics in the short run, aligning with microeconomic market analysis rather than the broader questions of the economy as a whole.
In summary, macro topics deal with large-scale indicators and aggregates (like national growth), whereas micro topics focus on individual markets, firms, or discrete industries. The statement that explicitly addresses macro-level growth in Australia aligns with macroeconomics, while the others pertain to micro-level analysis.

MUF0062 Economics Unit 2 - Semester 2, 2025 Revision Quiz Introduction to Macroeconomics

Which of the following is a Macroeconomics topic rather than a Microeconomics topic?

查看解析

登录即可查看完整答案

类似问题

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?

Which discipline studies the economy as a whole or its basic subdivisions or aggregates? BlackTom题目解析

(Microeconomics/Macroeconomics) is the discipline that examines the performance and behavior of an economy as a whole. BlackTom题目解析

Macroeconomics involves the economic issues of:

Which of the following is NOT a typical question addressed by macroeconomics?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单