
Microeconomics or Macroeconomics
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into? Microeconomics, Macroeconomics
Back
Macroeconomics
Answer explanation
This is macroeconomics because it is reporting how many jobs were added in the entire country. Notice is says "companies" rather than a specific company.
It is looking from the top down.
2.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into? Microeconomics, Macroeconomics
Back
Macroeconomics
Answer explanation
Inflation is a topic within macroeconomics. It is the rise in the average price of most goods and services in the country.
A change in price of one type of good (for example: potatoes) is microeconomics, but a rise in most goods is inflation and therefore macroeconomics.
3.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into?
Back
microeconomics
Answer explanation
This headline is about entrepreneurs therefore it is microeconomics.
Looking from the ground up.
4.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into?
Back
macroeconomics
Answer explanation
Import prices are part of international trade. Country trading with country. This is macroeconomics.
A top down view.
5.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into?
Back
microeconomics
Answer explanation
The headline relates to one company, Apple, so it is microeconomics.
6.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into?
Back
microeconomics
Answer explanation
One company = microeconomics
7.
FLASHCARD QUESTION
Front
Which branch of economics does this headline fall into?
Back
macroeconomics
Answer explanation
This story examines the effects of the Ukraine war on multiple countries = macroeconomics.
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