Question

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.

(a) The effect of government regulation on a monopolist's production decisions
(b) The effect of a large government budget deficit on the economy's price level
(c) The effects of the Internet on the pricing of used cars

Answer 1

Answer:

The correct answers are as follows;

(a) The effect of government regulation on a monopolist's production decisions   macroeconomics

(b) The effect of a large government budget deficit on the economy's price level   macroeconomics

(c) The effects of the Internet on the pricing of used cars microeconomics

Explanation:

Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.