a. Which of the following are microeconomic problems? Instructions: You may sele

Question

a. Which of the following are microeconomic problems?

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

b. Which of the following are macroeconomic problems?

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

Explanation / Answer

a.

Micro means small. Microeconomics deals with the individual economy.

Microeconomic problems are as below:

1. Work/leisure choice

2. Marketing strategy

These two problems are from individual perspective. Others like inflation, recession, and budget deficit are from national perspective.

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