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Gennadij [26K]
4 years ago
10

Briefly explain whether each of the following is primarily a microeconomic issue or a macroeconomic issue.

Business
1 answer:
BigorU [14]4 years ago
5 0

Answer: Micro; Macro; Macro; Micro.

Explanation:

Economics is divided into two main segments which are microeconomics and macroeconomics. It should be noted that microeconomics deals with study of individuals and the firms while macroeconomics studies the while economy and looks at decisions that are made by governments and countries.

a. The effect of higher cigarette taxes on the quantity of cigarettes sold.

This is a microeconomic issue as one entity is being discussed which is cigarette and the issue is related to just one particular industry.

b. The effect of higher income taxes on the total amount of consumer spending.

This is a macroeconomic issue as taxes affects the whole economy. The whole nation is affected by this decision.

c. The reasons for the economies of East Asian countries growing faster than the economies of sub-Saharan African countries.

This is a macroeconomic issue as it relates to different countries.

d. The reasons for low rates of profit in the airline industry.

This is a microeconomic issue as the issue affects just the airline industry.

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Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the r
kobusy [5.1K]

Answer:

of course

Explanation:

This candidate may criticize and argue that our right to breathe and the future of our planet require real regulation instead of this type of government policy based on money.

8 0
3 years ago
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaste
Elodia [21]

Answer:

The direct labor rate variance for November is $34,200

Explanation:

To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used

Standard hourly rate of direct labor hour = $14.40

Actual direct labor hours = 5,000

Standard direct labor cost

= 5,000 × $14.40

= $72,000

Total factory wages are $42,000 in which direct labor is 90%

= $42,000 × 90%

= $37,800

Actual direct labor cost = $37,800

Therefore,

Direct labor rate variance = Standard direct labor cost - Actual direct labor cost

Direct labor rate variance

= $72,000 - $37,800

= $34,200

8 0
4 years ago
A ____ is a document sent with your résumé to provide additional information on your skills and experience. It provides detailed
ioda
B. Cover Letter is the answer
4 0
3 years ago
Read 2 more answers
g According to a recent report from LegalZoom, 35% of new business last year were started by women (65% were started by men). Of
Ilia_Sergeevich [38]

Answer:

the probability that it was started by a man is 69%

Explanation:

65% companies were started by men

24% of 65% had revenues above $100,000

24% x 65% = 15.6% of the total number of companies started last year had revenues of more than $100,000 and were started by men.

35% companies were started by women

20% of 35% had revenue above $100,000

20% x 35% = 7% of the total number of companies started last year had revenues of more than 100% and were started by women.

total percentage of companies that had revenues above $100,000 = 7% + 15.6% = 22.6%

15.6/22.6 = 69% started by men

7/22.6 = 31% started by women

3 0
3 years ago
Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. Th
Alex17521 [72]

Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. This means that Ms. Sawyer's real income has <u>decreased </u>since last year.

CPI is a statistical estimate generated from the price of a sample of representative items that are priced on a regular basis. Sub-indexes and sub-sub-indexes are calculated for different categories and subcategories of goods and services and are combined to create an overall index with weights that reflect the share of total consumer spending covered by the index.

This is one of several price indexes calculated by most National Statistics Bureaus. The annual rate of change in the CPI is used as an indicator of inflation. CPI can be used to index the actual value of wages, salaries and pensions (that is, to adjust for the effects of inflation).

Regulate the price. It then shrinks the monetary size to show the actual change in value. In most countries, the CPI, along with the census, is one of the most widely followed national economic statistics.

Learn more about CPI  here: brainly.com/question/1889164

#SPJ4

6 0
2 years ago
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