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AP®︎/College Microeconomics

Lesson 1: Scarcity

Scarcity

AP.MICRO: MKT‑1 (EU) , MKT‑1.A (LO), MKT‑1.A.1 (EK), MKT‑1.A.2 (EK)

Which of the following is an example of a macroeconomic question?

(Choice A)
Who are the winners and losers from the imposition of a tax on cigarettes?
(Choice B)
What is the optimal number of workers for an ice cream shop to employ during the summer months?
(Choice C)
How many smartphones should Samsung produce this quarter?
(Choice D)
How will a consumer react if their income decreases?
(Choice E)
What would be the likely impact of an increase in business taxes on the overall level of inflation in the country?

Stuck?