Asked by Li-Yun Chang on Jun 14, 2024

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Which of the following is a microeconomics question?

A) Is it sensible for a government to subsidize tobacco production?
B) Why do some countries grow faster than others?
C) Should Congress and the president take action to reduce global warming?
D) Should the government attempt to influence the interest rate to lower inflation?

Subsidize Tobacco Production

Financial support provided by governments to farmers or companies to assist in the growing or manufacturing of tobacco products.

Global Warming

The long-term rise in Earth's average surface temperature, largely due to human activities that emit greenhouse gases into the atmosphere.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

  • Discriminate between microeconomics and macroeconomics by clarifying the unique study concerns and the inquiries each discipline seeks to answer.
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MA
Marleni AlvarengaJun 16, 2024
Final Answer :
A
Explanation :
Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. Questions A pertains to microeconomics because it deals with government policy affecting individual production decisions, specifically regarding the subsidy of tobacco production. Choices B, C, and D are more aligned with macroeconomics, as they deal with broader economic issues that affect countries, global climate, and the overall economy, respectively.