In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information, select the economic force which affected Oman. O a. Competition force O b. Macroeconomic force O c. None of the options O d. Microeconomic force
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- Which of the following are microeconomicissues? Which are macroeconomic issues?a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold?b. What will cause the nation’s inflation rate tofall?c. How does a quota on textile imports affectthe textile industry?d. Does a large federal budget deficit reduce therate of unemployment in the economy?A microeconomic analysis would deal with? a. How the change in the price of gas effects a family b. inflation c. unemployment d. Real GDPhi this question is for Macroeconomics but on bartleby it show economics
- You were recently hired at a new job. You start next week. This is an example of a Choose one: O A. microeconomic O B. macroeconomic issue.All of I he following topics fall wilhin lhe s ludy ofmicroeconomics EXCEPTa. the impact of cigarette taxes on the smokingbehavior of teenagers.b. the role of Microsoft's market power m the pricingo f software.c. the effectiveness of antipoverty programs inr educing homelessness.d. the influence of the government budget deficit oneconomic growth.Categorize the following as microeconomic or macroeconomic questions: 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
- Solve with explain withcomplete step thank u, the chapter microeconomicsPLEASE ITS MICRO ECONOMICS!! HELP ME ANSER THOSE TWO MULTIPLE CHOICES! If the producers of a good demand a price that is too high (higher than the equilibrium price), this generates a) a shortage of the good followed by a gradual decrease in the price of the good. b) a surplus of the property followed by a gradual decrease in the price of the property. C) a surplus of the property followed by a gradual increase in the price of the property. d a shortage of the good followed by a gradual increase in the price of the good. If the producers of a good demand a price that is too high (higher than the equilibrium price), this generates a) a shortage of the good followed by a gradual decrease in the price of the good. a surplus of the property followed by a gradual decrease in the price of the property. a surplus of the property followed by a gradual increase in the price of the property. d) a shortage of the good followed by a gradual increase in the price of the good.a) i)Explain difference between; ii,Microeconomics and macroeconomics iiiPositive and Normative economics b) Given the following demand and supply functions as; i)Find the price elasticity of demand and price elasticity of supply at the equilibrium point. ii)Based on the values obtained from Price elasticity of supply in (i) above, what advice would you give to the producer if he is to increase revenue? iv)Using illustrations, distinguish between Minimum and maximum price v)Assuming the government, set the price at 45shs, determine whether its minimum or maximum price, and state the surplus or deficit
- 5A. Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics:“Nestle Ghana posted a 18% increase in sales”“GRIDCO plans to slash more jobs”“Ghana’s Output Grew by 5.8%”“Housing starts soared 10% in September”“Ghana to Breach key Deficit Target it helped to create” Explain each issue why it is a microeconomic issue5.B Justina owns the Just’s Sobolo Store. She charges GHS10 per bottle for her handmade sobolo. You, the economist calculated the elasticity of demand for sobolo in her town to be 2.5. If she wants to increase her total revenue, what advice will you give her and why? Be able to explain your answer.Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertaintyThe statements given reflect either Micro or Macroeconomic issue. indicate in each case which you think is applicable. 1 A study of how south african farmers determine the price of their wool. 2. Bmw south africa exports many of its cars to europe. 3. it is exoected that the price of petrol will increase next month