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- Which of the following is an example of a microeconomic issue? A. The unemployment rate is approximately 4%.B. The central bank engages in policy aimed at reducing inflation.C. A retailer decides to hire 1,000 new employees in the United States as part of its expansion program.D. The government passes legislation that aims to improve the economy.Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics A consumer's optimal choice when buying a flat-screen TV The effect of government regulation on a monopolist's production decisions The government's decision on how much to spend on public projects Understanding opportunity cost You work as an assistant coach on the university swim team and earn $15 per hour. One day, you decide to skip the hour-long practice and go to the county fair instead, which has an admission fee of $9. The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is .Identify each of the following topics as being part of microeconomics or macroeconomics
- Discuss each of the following statements from the viewpoint of microeconomics equity and efficiency". A. "Everyone in the society should be guaranteed the best health care possible" B." When workers are laid off, they should be able to collect unemployment benefits before they find a new job"What is the difference between positive and normative analysis? Which of the following statements would entail positive analysis, and which normative analysis? Internet auction companies will erode the profits of local automobile dealerships. The government should impose special taxes on sales of merchandise made over the Internet.Is the following positive statements or normative statements? Rising flour prices will increase the price of bread. The government is more concerned with inflation than unemployment. People are worried about the effects of joining the CSME.