All of the following topics fall within the study of microeconomics EXCEPT the impact of cigarette taxes on the smoking behavior of teenagers.
Question
All of the following topics fall within the study of microeconomics EXCEPT the impact of cigarette taxes on the smoking behavior of teenagers. – Q/A (Question and Answer)
Test Answer
The role of Microsoft’s market power in the pricing of software. the effectiveness of antipoverty programs in reducing homelessness. the influence of the government budget deficit on economic growth.
Answer:
the influence of the government budget deficit on economic growth.
Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Macroeconomics is the study of economy-wide phenomena. Therefore, the influence of the government budget deficit on economic growth is a macroeconomic topic, while the others are all microeconomic topics.
Unlock this answer
Join StudyHippo to unlock
unlock
