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:

Factory Overhead

Costs associated with the production process that are not directly tied to specific units of product, such as maintenance, utilities, and salaries of indirect labor.