Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Indicate whether each of the following is a topic of microeconomics or macroeconomics: a
Indicate whether each of the following is a topic of microeconomics or macroeconomics:
a. The impact of higher oil prices on the production of steel
b. The increased demand in the last 15 years for exotic dietary supplements
c. The surge in aggregate economic activity that hit much of Asia late in the early 2000s
d. The sharp increases in U.S. employment and total output that occurred between 2003 and 2007
e. The impact of preservation of wilderness areas on the logging industry and on the price of lumber.
Expert Solution
Indicate whether each of the following is a topic of microeconomics or macroeconomics: ||Event| Category
| a. The impact of higher oil prices on the production of steel | Micro - even though oil is a big industry, it is still just one industry |
| b. The increased demand in the last 15 years for exotic dietary supplements | Micro - choices made by consumers that affect the diet industry |
| c. The surge in aggregate economic activity that hit much of Asia late in the early 2000s | Macro - affecting the economic systems of more than one country |
| d. The sharp increases in U.S. employment and total output that occurred between 2003 and 2007 | Macro - affecting the economic system of one entire country |
| e. The impact of preservation of wilderness areas on the logging industry and on the price of lumber | Micro - a situation that affects only the lumber industry as stated here |
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
