Identify Each of the Following Topics as Being Part of Microeconomics

question 154

Short Answer

Identify each of the following topics as being part of microeconomics or macroeconomics:
a.the impact of a change in consumer income on the purchase of luxury automobiles
b.the effect of a change in the price of Coke on the purchase of Pepsi
c.the impact of a war in the Middle East on the rate of inflation in Canada
d.factors influencing the rate of economic growth
e.factors influencing the demand for tractors
f. the impact of tax policy on national saving
g. the effect of pollution taxes on the Canadian copper industry
h. the degree of competition in the cable television industry
i. the effect of a balanced-budget policy on economic stability
j. the impact of deregulation on the financial industry

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Definitions:

Outstanding Voting

Refers to shares of a corporation that are currently owned by investors and have voting rights at shareholder meetings.

Intra-entity Gross Profit

The profit generated from transactions conducted within different parts of the same company.

Consolidation Worksheet

A tool used in preparing consolidated financial statements, enabling the combination of financial records from separate entities within a group.

Intra-entity Transfer

Transactions involving assets, liabilities, or services between subdivisions, subsidiaries, or related entities within the same parent company.