Microeconomics or Macroeconomics

Microeconomics or Macroeconomics

Assessment

Flashcard

Social Studies

9th - 12th Grade

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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