classify the following as microeconomics or macroeconomics and provide a justification for your choice. (a)The impact of an increase in the price of computer chips on the market for personal computers.
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classify the following as
(a)The impact of an increase in the price of computer chips on the market for personal computers.
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- Indicate whether each of the following statement applies to microeconomics or macroeconomics: An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.Classify the following as microeconomics or macroeconomics and provide a justification for your choice The impact of new technology in the market for DVD recorders The stock market plunges by 1000 points due to uncertainty The effect of government regulations on car emissions The relationship between the inflation rate and changes in the quantity of moneyClassify the following as microeconomics or macroeconomics and provide a justification for the choice 1. Airlines projects a drastic reduction in international travel for this quarter. This might result in the layoffs of workers 2.The impact of an increase in the price of computer chips on the market for personal computers 3. The relationship between the inflation rate and changes in the quantity of money 4. The decision by Mc Donald's to hire fewer workers because of an increase in the minimum wage
- Which of the following are examples of positive economics?(please choose all the answers that are correct) Input market supply can be affected differntly under the income or substitution effects of price changes. The law of demand does not hold for all goods. Fewer price controls increases the standard of living Government should invest in public goods The unemployment rate in the United States spiked during the COVID pandemicClassify 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 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…Determine whether each topic in the following table would more likely be studied in microeconomics or macroeconomics.
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- Classified the following as microeconomics or macroeconomic and provide a justification for your choice Telsa announced the development of a million-male electric car battery that is ready to launch. Micro, examining one sector of economy Macro, examining one sector in economy Macro, examining one firm in economy Macro, examining entire economy Micro, examining one specific firm Micro, examining one individual Airlines project a drastic reduction in International travel for this quarter. This might result in the layoff of worker. Micro, examining one sector of economy Macro, examining one sector in economy Macro, examining one firm in economy Macro, examining entire economy Micro, examining one specific firm Micro, examining one individual The government issued stimulus cheques to citizens to offset effects of covid-19 Micro, examining one sector of economy Macro, examining one sector in economy Macro, examining one firm in economy Macro, examining entire…Studying the determination of prices in individual markets is primarily a concern of_____________. a. Microeconomics. b. Macroeconomics. c. Negative economics. d. Positive economics.