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