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.
How a household should spend their budget.
Consumer behavior
Which job to choose when given multiple offers.
Unemployment rates in the country.
International trade
How markets fail
How does a firm determine how many employees to hire
How much money is losing its buying power
How much a company should price their product.
How much to save for the future.
How do businesses finance themselves.
The labor market
Taxation
How to adjust minimum wage due to inflation
How much should the government spend to spur the economy.
The effect of government borrowing money
Whether the country is in a recession or not.
Microeconomics
Macroeconomics