Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a cigarette tax on the quantity of cigarettes sold The effects of the Internet on the pricing of used cars The government's decision on how much to spend on public projects

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22-01-2020
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Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a cigarette tax on the quantity of cigarettes sold The effects of the Internet on the pricing of used cars The government's decision on how much to spend on public projects

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Abotaiwo Abotaiwo · Answer 1 · 2020-01-23T13:58:51+01:00

Answer:

Microeconomics - The effect of a cigarette tax on the quantity of cigarettes sold

Microeconomics - The effects of the Internet on the pricing of used cars

Macroeconomics - The government's decision on how much to spend on public projects

Explanation:

Microeconomics is the study of the economic action of individual economic agent or unit like individuals, household and the firm., it studies individual income, prices, and wages.

Macroeconomics is the study of the economic as a whole, it is the study of aggregates, like aggregate demand, aggregate supply, national income, inflation, population, exchange rate, interest rate, unemployment, e.t.c.