Budgeting and Economic Principles

A person deciding whether to buy coffee from one shop or another based on price and quality.

• Micro

• Macro

A country's GDP increasing due to technological advancements and higher production.

• Micro

• Macro

The government analyzing unemployment trends and implementing job creation programs.

• Micro

• Macro

A company deciding how many workers to hire based on wages and demand for its product.

• Micro

• Macro

An increase in the price of fertilizers will lead to a decrease in their demand.

• Positive

• Normative

The government should provide more subsidies to small-scale farmers to promote sustainable agriculture.

• Positive

• Normative

Organic farming is better than conventional farming because it is environmentally friendly.

• Positive

• Normative

The global agricultural sector contributes approximately 10% of greenhouse gas emissions.

• Positive

• Normative

The introduction of high-yield crop varieties has increased food production in many developing countries.

• Positive

• Normative

The agricultural sector should receive more investment to ensure food security.

• Positive

• Normative