Which are both macroeconomic decisions?

0455_s20_qp_13

MCQ

2020

Paper 1, Variant 3

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Who is a microeconomic decision maker?

0455_s21_qp_13

MCQ

2021

Paper 1, Variant 3

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What is not a microeconomic decision?

0455_s23_qp_13

MCQ

2023

Paper 1, Variant 3

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Which person makes macroeconomic decisions?

0455_w20_qp_11

MCQ

2020

Paper 1, Variant 1

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Economics is divided into two: microeconomics and macroeconomics. statement 1 When the price of oil falls there is an expansion in demand. statement 2 The Organization of the Petroleum Exporting Countries (OPEC) can influence the price of oil. Which combination correctly describes these two statements?

0455_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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There has been an increase in the demand for wheat. This has led to an increase in the demand for labour to harvest the wheat. Which branch of economics covers these two concepts?

0455_w23_qp_11

MCQ

2023

Paper 1, Variant 1

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Which person is most likely to make a microeconomic decision as part of their job?

0455_w24_qp_11

MCQ

2024

Paper 1, Variant 1

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In a market there is a shortage of a good. What change would cause the market to come to an equilibrium?

0455_m16_qp_12

MCQ

2016

Paper 1, Variant 2

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The diagram shows a market for rice that is in equilibrium. price quantity O V W T X S D Z Y Which area represents the total revenue for rice farmers?

0455_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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The Indian government gives farmers a subsidy of $5 per kilo to supply food in a market where X is the equilibrium position. The effect is illustrated in the diagram below. S3 S1 D1 S2 quantity supplied (’000 kilos) price ($ per kilo) X What will be the new equilibrium price and quantity supplied as a result of the subsidy?

0455_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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