Categorize the following as microeconomic or macroeconomic questions: (i) What are the differences between the dairy industry and the airline industry? (ii) Why are unemployment rates for teenagers rising? (iii) Why are prices falling in the digital camera industry? (iv) Why is the Barbados experiencing high rates of inflation? (v) How large is KFC’s share of the fast food industry? (vi) How will implementation of a minimum wage rate affect your 17 year old brother’s budget? (vii) Why are interest rates rising? (viii) Why are economic growth rates different in the Jamaica and Antigua?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
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. Categorize the following as microeconomic or macroeconomic questions:

(i) What are the differences between the dairy industry and the airline

industry?

(ii) Why are unemployment rates for teenagers rising?

(iii) Why are prices falling in the digital camera industry?

(iv) Why is the Barbados experiencing high rates of inflation?

(v) How large is KFC’s share of the fast food industry?

(vi) How will implementation of a minimum wage rate affect your 17 year old

brother’s budget?

(vii) Why are interest rates rising?

(viii) Why are economic growth rates different in the Jamaica and Antigua?

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