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Micro or Macro?
By Mr. Yosup Joo
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Last updated almost 3 years ago
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Using the simple card sort, try to figure out whether the issue is in the purview of microeconomics or macroeconomics.
Using the simple card sort, try to figure out whether the issue is in the purview of microeconomics or macroeconomics.
Question 1
1.
Consumer behavior
How much money is losing its buying power
How to adjust minimum wage due to inflation
How markets fail
How a household should spend their budget.
How do businesses finance themselves.
Which job to choose when given multiple offers.
How much to save for the future.
How much should the government spend to spur the economy.
Unemployment rates in the country.
The labor market
International trade
How does a firm determine how many employees to hire
Taxation
Whether the country is in a recession or not.
The effect of government borrowing money
How much a company should price their product.
Microeconomics
Macroeconomics