Answer:
Related to Micro Economics : A, B, C, E.
Related to Macro Economics : D.
Explanation:
Micro Economics is the study of a single individual consumer, producer, industry. Eg - Price of a good
Macro Economics is the study of all consumers, producers, industries of the economy at a whole. Eg - General Price level.
Both Micro Economics and Macro Economics deal with aggregates. But:- Micro Economic aggregates have lower level of aggregation & are contextually less related to wide total, than Macro Economics.
<u>Micro Economics </u>: 'A student's decision about how to allocate his time between studying two subjects' ; 'A firm's decision on which production method to use' :- are related to single economic units.
'The effect of rent control on the housing market' ; 'The effect of externality on the quantity produced by the market' :- are related to only those particular industry markets & not to economy as a whole.
<u>Macro Economics </u>: 'The effect of an increase in income tax on national income' :- is an impact of country's government policy at its whole national income.
Answer:
A- Group think
Explanation:
In group think, bad decisions are often made because, rather than consider other alternatives, a group of people agree to a decision suggested by, in most cases, the most superior party in the room.
This form of thinking hides true opinions of other members of the group and though the decision is agreed upon, they could truly not want to be a part of the process.
In this scenario, there is an agreement with the Senior Executive on the plan of action however, nobody is interested in taking up the responsibility to follow through with the plan. This indicates a level of disagreement of other members with the plan regardless of the initially stated agreement with the plan.
Ceteris paribus, in a closed economy, if consumers become more optimistic the equilibrium interest rate should increase
.
So the answer is the equilibrium interest rate should increase
Answer:
The correct answer is Option B
.
Explanation:
As per the data given in the question,
Eligible for legal citizenship = 63%
Error = 3%
Level of confidence = 95%
Here, the CI is 63% ± 3% , which means 60% to 66% and this indicates that with 95% confidence, the true proportion lies between this interval
This is shown by option B
Hence, option B is correct answer
