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Think about the following news items. Which items involve a microeconomic issue and which involve a macroeconomic issue? A. WHO recommends tax of at least 20% on sugary drinks B. U.S. economy adds 227,000 jobs in January C. More police, managed more effectively can reduce crime D. 7 ways streaming music will change in 2021 Statement A involves a __ issue. Statement B involves a __ issue. Statement C involves a __ issue. Statement D involves a __ issue. A. macro; micro B. micro; macro C. macro; macro D. micro; micro
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Kıdemli · 9 yıl öğretmeniUzman doğrulaması
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To determine whether each statement involves a microeconomic or macroeconomic issue, we need to understand the definitions of these terms:<br /><br />- Microeconomics focuses on individual economic units such as households, firms, and markets. It examines how these units make decisions and interact with each other.<br />- Macroeconomics looks at the economy as a whole. It studies aggregate indicators such as GDP, unemployment rates, and inflation, and how they are affected by government policies and other factors.<br /><br />Now, let's analyze each statement:<br /><br />A. WHO recommends tax of at least $20\% $ on sugary drinks<br />- This statement involves a policy recommendation that affects the pricing and consumption of a specific product. It deals with the behavior of individual consumers and firms in the market for sugary drinks. Therefore, it is a microeconomic issue.<br /><br />B. U.S. economy adds 227,000 jobs in January<br />- This statement refers to a national economic indicator (employment) and its impact on the economy as a whole. It is a macroeconomic issue.<br /><br />C. More police, managed more effectively can reduce crime<br />- This statement discusses the effectiveness of a policy intervention in reducing crime. It does not directly address economic units or their interactions. Therefore, it is neither a microeconomic nor a macroeconomic issue.<br /><br />D. 7 ways streaming music will change in 2021<br />- This statement focuses on the future trends and changes in the music streaming industry. It examines the behavior of firms and consumers in this specific market. Therefore, it is a microeconomic issue.<br /><br />Based on this analysis, the correct answer is:<br /><br />Statement A involves a microeconomic issue. Statement B involves a macroeconomic issue.<br />Statement C involves neither a microeconomic nor a macroeconomic issue. Statement D involves a microeconomic issue.<br /><br />So, the correct option is:<br /><br />B. micro; macro
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