1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UNO [17]
3 years ago
12

6. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomi

cs or macroeconomics.
a. _______________The effect of a cigarette tax on the quantity of cigarettes sold
b. _______________The effect of a large government budget deficit on the economy's price level
c. _______________The optimal interest rate for the Federal Reserve to target
Business
1 answer:
vitfil [10]3 years ago
5 0

Answer:

Microeconomics

Macroeconomics

Macroeconomics

Explanation:

Microeconomics studies how individuals and firms make decisions in allocating scarce resources.

Some of the topics studied in microeconomics are :

marginal utility

Demand and supply

Elasticity of demand and supply

Market structures

Macroeconomics studies the economy as a whole.

Macroeconomics concepts include:

national income

gross domestic product (GDP)

inflation

unemployment

The effect of a cigarette tax on the quantity of cigarettes sold studies the microeconomic concept of demand and supply.

The effect of a large government budget deficit on the economy's price level and the optimal interest rate for the Federal Reserve to target studies macroeconomics concepts

I hope my answer helps you

You might be interested in
The following production data were taken from the records of the Finishing Department for June:Inventory in process, 6-1 (30% co
ad-work [718]

Answer:

Option (a) is correct.

Explanation:

Given that,

Completed units during June = 65,000 units

Ending inventory units = 7,000 units

Beginning inventory units = 4,000 units

Number of material equivalent units of production in the June 30:

= Completed units during June + Ending inventory units - Beginning inventory units

= 65,000 units + 7,000 units - 4,000 units

= 68,000 units

Therefore, the number of material equivalent units of production is 68,000 units.

7 0
3 years ago
The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit
motikmotik

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

8 0
3 years ago
Due to impending labor strife over planned layoffs in its Silicon Valley headquarters, a social networking company has decided t
Ivanshal [37]

Answer:

putting a halt on the layoffs

Explanation:

This strategy should begin by putting a halt on the layoffs. This should be top priority since the layoffs themselves are the main cause for the criticism that the company is receiving and this criticism is the sole reason as to why its market position and staff productivity has fallen drastically. People think the company is failing and the staff is scared that they will eventually be fired. By stopping layoffs and waiting for a market recovery you give other better options a chance to arise and more efficient strategies to take effect.

6 0
3 years ago
Select the qualification that is best demonstrated in each example.
Olin [163]

Answer:

Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.

Explanation:

<em>The qualification that is best demonstrated out of all the options would be that Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building. </em>

Charlene's ability to stay on task has no direct correlation with being a highway worker.

Floyd's ability to lift heavy objects also has no direct correlation with being a repair worker.

Pedro's ability to explain a problem to a customer has no direct bearing on being a mechanical door repairer.

<u>The only option with direct correlation is a stationary engineer's ability to figure out what is wrong with machinery for heating a building.</u> A stationary engineer is also known as operating or power engineer.

5 0
3 years ago
Read 2 more answers
Which of the following is NOT one of the core capabilities that span across all five mission areas?
Andreas93 [3]

Answer:

D. Health and social services. fall into the Recovery mission area only

Explanation:

Health and social services. fall into the Recovery mission area only

8 0
3 years ago
Other questions:
  • Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced ma
    8·1 answer
  • Randolph is a 30% partner in the rd partnership. on january 1, rd distributes $15,000 cash, inventory with a fair value of $20,0
    15·1 answer
  • Define what the income statement reports by completing the following sentence: The income statement describes a company's Blank
    8·1 answer
  • Individuals and organizations can give an unlimited amount of money to
    8·1 answer
  • Solving for rates what annual rate of return is earned on a $2,800 investment when it grows to $6,100 in eleven years?
    14·1 answer
  • For the following problems, use the information below for information on Lee and his business.
    5·1 answer
  • Which options are SmartArt categories? Check all that apply.
    8·1 answer
  • You and your partner have become very interested in cross-country motorcycle racing and wish to purchase entry-level equipment.
    5·1 answer
  • Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increas
    14·1 answer
  • In the ______ step of the stakeholder impact analysis the firm identifies their stakeholders' interests and claims according to
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!