EBK STUDY GUIDE FOR MANKIW'S BRIEF PRIN
7th Edition
ISBN: 8220103455329
Author: Mankiw
Publisher: CENGAGE L
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Chapter 2, Problem 5QCMC
To determine
Microeconomic topics.
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All of the following topics fall within the study of microeconomics EXCEPTa. 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.
Classify the following topics as relating to microeconomics or macroeconomics.
The family’s decision about how much income to spend on food.
The effect of government regulations on auto emissions.
The impact of higher public savings on economic growth.
A monopolist’s decision about how many units to sell.
The relationship between the inflation rate and the unemployment rate.
Which of the following areas of study typifies microeconomics as opposed to macro-economics?
a.
The impact of minimum-wage laws on employment in the fast food industry
b.
The effect of changes in household saving rates on the growth rate of national income
c.
The effect of an increasing inflation rate on national living standards
d.
The effect of an increase in the minimum wage on an economy’s overall rate of unemployment
Chapter 2 Solutions
EBK STUDY GUIDE FOR MANKIW'S BRIEF PRIN
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