How will a decrease in the price
Q1 Which of the following is not a microeconomic issue?
- How will a decrease in the price of tattoo removal affect the number of tattoos applied?
- What will cause the rate of growth in consumer spending to fall?
- How does a tax on the sale of houses affect the number of houses sold?
- Would a move by the G20 to raise infrastructure spending in member countries help promote economic growth?
Q2 When it comes to positive economics, economists could disagree because
- Some are left-wing and others are right-wing.
- They are being paid by different parties who are hoping for different outcomes from the analysis they have commissioned.
- The assumptions of their models differ.
- Both b and c above are correct.
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