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1 June, 13:00

Which of the following are microeconomic issues? 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 to fall?

c) How does a quota on textile imports affect the textile industry?

d) Does a large federal budget deficit reduce the rate of unemployment in the economy?

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  1. 1 June, 15:40
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    Microeconomic issues

    a) How will an increase in the price of Coca-Cola affect the quantity of Pepsi-Cola sold?

    c) How does a quota on textile imports affect the textile industry?

    Macroeconomic issues

    (b) What will cause the nation's inflation rate to fall?

    (d) Does a large federal budget deficit reduce the rate of unemployment in the economy?

    Explanation:

    The issues pertaining to a industry and business are all studied and analyzed in Microeconomics that's why (a) & (c) fall under Microeconomic issues.

    The issues pertaining to the entire economic system like inflation, budget deficit and unemployment rate etc. as stated in options (b) & (d) respectively all fall under Macroeconomic issues.
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