answer the following:

Part III. Determine whether each of the following is primarily a microeconomic issue (I), a macroeconomic issue (A), or not an economic issue at all (X). 1. Determining the per hour rate of a professor 2. Establishment of more Bank branches in rural areas 3. Rebels' atrocities in Mindanao 4. Holiday economics or observance of long weekend during holidays 5. Increase in gas and petroleum prices by Shell 6. A 2% increase in inflation rate 7. A housewife's decision on how to allocate budget among various goods and services. 8. A worker's decision on how many hours to work each week 9. A 7% growth rate in the GNP 10. Escalating crime rate 1 1. Designing a government policy that will raise the level of employment 12. Tuition fees hike in a university 13. Drug addiction 14. Measuring the impact of tax policies on total consumption spending in the economy 15. Election sorties and campaigns Part IV. Answer the following. 1. What determines whether or not a resource is a scarce? In what way do you economize (apply economics) as you go along your daily activities? 2. Cite the opportunity cost (monetary and non-monetary) of taking an exam in your economics class instead of attending a Php 5,000 ticket concert of your favorite artists