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Please state the answers selected to the questions below are correct Question 1 Classify the following as microeconomics or macroeconomics and provide a justification for
Please state the answers selected to the questions below are correct
Question 1 Classify the following as microeconomics or macroeconomics and provide a justification for your choice. The decision by McDonald's to hire fewer workers because of an increase in the minimum wage. The effect of government regulations on car emissions The impact of a decrease in national savings on a country's economic growth. The central bank announces that it is increasing the discount rate in an effort to slow the rate of inflation. lvlicro, examining one specific rm Micro; examining one sector of economy lvlacro, examining entire economy Macro, examining entire economy 0 0 0 0 Question 2 Implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. Which core principle is represented in this The situation does not represent a core principle. scenario (if any)? Explanation The situation does not represent a core principle.Question 2 Most governments have a policy of not negotiating with kidnappers but relatives of kidnap victims do not have the same policy. Which core principle i5 \"513FES'EWEE'd in thiS Costbenefit analysis scenario {if any]? Explanation Compare the cost versus benet in making decision Question 2 Due to heavy rains the price of ground produce increases. Which core principle i5 represented in thiS Scarcity, choice and opportunity cost scenario {if any]? Explanation Scarce resource so choice has to be made. 0 0 0 0 (c) A tropical storm creates a shortage of the items needed in the production of Good B. Explain how this would affect the production possibilities curve. Select one: O PPF shifts inwards O PPF shifts outwards O Move to a point inside the PPF O Move outwards on Good A axis only O Move outwards on Good B axis only O Move inwards on Good A axis only O Move inwards on Good B axis onlyStep by Step Solution
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