Tick (√) in the appropriate column to indicate whether each of the following statements belong to microeconomics or macroeconomics. Statements Microeconomics Macroeconomics a. Salmah allocates her time between leisure and work. b. The unemployment rate in China had decreased since the implementation of open economy. c. The price of meat has increased as a result of higher tariff rate. d. It is anticipated that demand for cars will rise since the government had raise the income of civil servant. e. The inflation rate of Malaysia was 2.9% in the year 2013.

Tick (√) in the appropriate column to indicate whether each of the following statements belong to microeconomics or macroeconomics. Statements Microeconomics Macroeconomics a. Salmah allocates her time between leisure and work. b. The unemployment rate in China had decreased since the implementation of open economy. c. The price of meat has increased as a result of higher tariff rate. d. It is anticipated that demand for cars will rise since the government had raise the income of civil servant. e. The inflation rate of Malaysia was 2.9% in the year 2013.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 8P

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Statements	Microeconomics	Macroeconomics
a. Salmah allocates her time between leisure and work.
b. The unemployment rate in China had decreased since the implementation of open economy.
c. The price of meat has increased as a result of higher tariff rate.
d. It is anticipated that demand for cars will rise since the government had raise the income of civil servant.
e. The inflation rate of Malaysia was 2.9% in the year 2013.