Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics
The effects of the Internet on the pricing of used cars
The effect of government regulation on a monopolist's production decisions
The effects of government tax policy on long-term economic growth

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07-02-2020
Business

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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics
The effects of the Internet on the pricing of used cars
The effect of government regulation on a monopolist's production decisions
The effects of government tax policy on long-term economic growth

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BenitoMarin BenitoMarin · Answer 1 · 2020-02-09T00:15:21+01:00

Answer:

The correct answers are:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions . (Microeconomics)

C) The effects of government tax policy on long-term economic growth. (Macroeconomics)

Explanation:

The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)

C) The effects of government tax policy on long-term economic growth (Macroeconomics)

sohail09753 sohail09753 · Answer 2 · 2021-11-16T11:52:30+01:00

Economics is the study under the social science that is related to the production, distribution, and consumption of goods and services. Economic studies help to increase the wealth of the economy as a whole and for an individual business.

The economics can be bifurcated into two studies:

Microeconomics: It is the economics study that observes and takes decisions or resolves issues related to an individual person or from a small business perspective.

Macroeconomics: It is the economic study that observes and looks for the issues related to the economy as a whole. This is the study that affects the entire economy.

In the given question each of the topics is likely to be studied as follows:

The effects of the Internet on the pricing of used cars: Microeconomics, as this study will affect only the automobile sector in the economy.

The effect of government regulation on a monopolist's production decisions. Microeconomics, as this will affect only the businesses having monopolist production in the economy.

The effects of government tax policy on long-term economic growth. Macroeconomics is a tax policy that will impact all the sectors running their business in the economy.

To know more about micro and macro-economics, refer to the link:

https://brainly.com/question/12169719