BuyFind

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305156050
BuyFind

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305156050

Solutions

Chapter
Section
Chapter 2, Problem 5CQQ
Textbook Problem

All of the following topics fall within the study of microeconomics EXCEPT

a. the impact of cigarette taxes on the smoking behavior of teenagers.

b. the role of Microsoft's market power in the pricing of software.

c. the effectiveness of antipoverty programs in reducing homelessness.

d. the influence of the government budget deficit on economic growth.

Expert Solution
To determine
Microeconomic topics.

Explanation of Solution

Option (d):

The influence of the government deficit budget on economic growth is a macroeconomic topic, not microeconomic. Macroeconomics is the study of the economy as a whole and it includes topics such as inflation, unemployment, economic growth, and so on. Thus, option “d” is correct.

Option (a):

The impact of cigarette taxes on the smoking behavior of teenagers is a microeconomic statement. This is because it focuses on the case of a particular commodity.  Thus, option “a” is incorrect...

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