Question

Determining what will occur in the market for oranges when there is an early freeze. a. Determining what will occur to inflation when the government increases taxes. b. Determining the affects of a war in Iraq on the price of steel. Both a and c. c. None of the above.

Answer 1

Answer:

The answer is stated below:

Explanation:

Note: Here the questions is missing, that is

Which of the following will be a micro economic topic?

Microeconomics is the study which dealt with the knowledge of how the people take decisions at the small scale. It does not consider the economy as a whole.

So, the topic which are related to micr- economic are:

Determine the affects of the war on Iraq on the steel price. This dealt with the affects of war in Iraq, focusing on a single country.

Determine what will happen in the market for the oranges when they are freeze, this also dealt with the market of oranges, not the economy as a whole.

So, both the topics are dealt or related with the micro - economic.