Classify the following as microeconomics or macroeconomics and choose a justification for your choice from the options below. 1. Toyota is contemplating increasing the production of SUVs based on projected future consumer demand. a. Micro, examining one sector of economy b. Macro, examining one sector in economy c. Marco, examining entire economy d. Micro, examining one specific firm e. Macro, examining one firm in economy f. Micro, examining one individual
Classify the following as
1. Toyota is contemplating increasing the production of SUVs based on projected future consumer demand.
a. Micro, examining one sector of economy
b. Macro, examining one sector in economy
c. Marco, examining entire economy
d. Micro, examining one specific firm
e. Macro, examining one firm in economy
f. Micro, examining one individual
2. The impact of an increase in the price of computer chips on the market for personal computers.
a. Micro, examining one sector of economy
b. Macro, examining one sector in economy
c. Marco, examining entire economy
d. Micro, examining one specific firm
e. Macro, examining one firm in economy
f. Micro, examining one individual
3. The relationship between the inflation rate and changes in the quantity of money.
a. Micro, examining one sector of economy
b. Macro, examining one sector in economy
c. Marco, examining entire economy
d. Micro, examining one specific firm
e. Macro, examining one firm in economy
f. Micro, examining one individual
4. The impact of higher savings on
a. Micro, examining one sector of economy
b. Macro, examining one sector in economy
c. Marco, examining entire economy
d. Micro, examining one specific firm
e. Macro, examining one firm in economy
f. Micro, examining one individual
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