Provide two examples of economics being used as a tool by (a) a student, (b) a business,

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Provide two examples of economics being used as a tool by

(a) a student,

(b) a business, and

(c) a government. Classify your examples as dealing with microeconomic topics and macroeconomic topics.

Use the following news clip to work Problems 9 to 12.

Obama unveils major climate change policy Obama’s Clean Power Plan, which will set federal limits on carbon emissions from coal­fired power plants, will cost $8.4 billion and reap benefits of more than

$34 billion. Opponents of the plan say it will drive up the cost of electricity for millions of Americans.

Source: CNN, August 3, 2015

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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