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Determine if the following statements are a macro or micro statement
Determine if the following statements are a macro or micro statement. If it is macro convert it to micro. If it is micro, then convert to a macro.
1. Should I go to grad school or take a job?
2. What determines SMCCs policies on course offerings?
3. Should the government make community colleges tuition free?
4. What determines Hanaford's wage policies in Portland?
Expert Solution
1. Should I go to grad school or take a job?
Answer: The given statement is a microeconomic issue. It is about the employment of a person.
Macro Statement: Should the students of an economy go to graduate school or take a job?
2. What determines SMCCs policies on course offerings?
Answer: The given statement is a microeconomic issue and related to the policies of a college (named 'Southern Maine Community College') regarding course offerings.
Macro Statement: What factors determine national college policies on course offerings.
3. Should the government make community colleges tuition-free?
Answer: The given issue is a macroeconomic issue as it is about the government's decision.
Micro Statement: Should the government make the tuition charges of a particular student free?
4. What determines Hanaford's wage policies in Portland?
Answer: The given statement is macroeconomic as it represents a national wage policy. The policy of the city of Portland regarding fair wages must be a national policy.
Micro Statement: What determines an individual's wage policy in Portland?
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