Assignment:
1) Which of the following topics would be studied in a microeconomics course?
A) how a tax rate increase will impact total production
B) comparing inflation rates across countries
C) how a trade agreement between the United States and Mexico affects both nations' unemployment rates
D) how rent ceilings impact the supply of apartments
2) Which of the following is a macroeconomic issue?
A) how federal government budget deficits affect interest rates
B) the cause of a decline in the price of peanut butter
C) what determines the amount a firm will produce
D) how a rise in the price of sugar affects the market for sodas
3) Which of the following is an issue in macroeconomics?
A) the purchasing decisions that an individual consumer makes
B) the effect of an increase in the tax on cigarettes on cigarette sales
C) the hiring decisions that a business makes
D) the effect of increasing the money supply on inflation
4) Macroeconomic topics include
A) the impact of government regulation of markets.
B) total, nationwide employment.
C) studying what factors influence the price and quantity of automobiles.
D) studying the determination of wages and production costs in the software industry.
5) Macroeconomics is the branch of economics that studies
A) prices of individual goods.
B) important, as opposed to trivial, issues.
C) the way individual markets work.
D) the economy as a whole.