High School

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics:

1. A consumer's optimal choice when buying a flat-screen TV
2. The government's decision on how much to spend on public projects
3. The effect of an increase in consumer income on demand for smartphones

Choose the answer that correctly describes the choices in order:

A. Macroeconomics; Macroeconomics; Microeconomics
B. Microeconomics; Microeconomics; Macroeconomics
C. Macroeconomics; Microeconomics; Macroeconomics
D. Microeconomics; Macroeconomics; Microeconomics

Answer :

Final answer:

Microeconomics and macroeconomics are both relevant to the topics mentioned.

Explanation:

The topics mentioned would likely be studied in microeconomics and macroeconomics depending on the specific focus of the analysis.

  1. A consumer's optimal choice when buying a flat-screen TV: This would be studied in microeconomics as it involves individual consumer behavior and decision-making.
  2. The government's decision on how much to spend on public projects: This would be studied in macroeconomics as it involves analyzing the overall economy, government policies, and the impact of public spending on aggregate demand.
  3. The effect of an increase in consumer income on demand for smart phones: This would also be studied in microeconomics as it focuses on the relationship between consumer income and demand for a specific product.

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