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18) Which of the following is a macroeconomics question? A) What determines the unemployment rate? B)...

18) Which of the following is a macroeconomics question?

A) What determines the unemployment rate? B) How is the production quantity of digital cameras determined? C) What factors determine the price of iPhones? D) What determines the wages and benefits of flight attendants?

19) Which of the following is a microeconomics question?

A) When will the government better secure the borders? B) Why hasn't the federal government raised the minimum wage? C) How does Fiat decide on the price of the 500 Pop model? D) What determines the level of U.S. imports and exports?

20) Which of the following is a macroeconomics question?

A) What determines the minimum wage? B) What determines the production of video game consoles? C) What factors determine the price of Oreo cookies? D) What determines the salaries of college professors

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18) A Macroeconomics question is related to what is happening in the economy overall, in terms of jobs, price level, currency exchange, money supply, exports, imports etc. A) What determines the unemployment rate?

19) A Microeconomics question is related to the incidents occurrences in a particular market or sector. This relates firms in the industry, price and quantity, profits by firms etc. C) How does Fiat decide on the price of the 500 Pop model?

20) A Macroeconomics question is related to what is happening in the economy overall, in terms of jobs, price level, currency exchange, money supply, exports, imports etc. D) What determines the salaries of college professors?

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