Subsection 2.1. Microeconomics and macroeconomics for Economics, IGCSE - revisedeck

2.1. Microeconomics and macroeconomics

A subsection of Economics, 0455, through 2. The allocation of resources

Listing 7 of 7 questions

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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Questions Discovered

7