. Explain in your own words any three Macroeconomic variables from "Great Depression".

2. Explain your answer for the following statements whether they are Macroeconomics or Microeconomics and why?

I. "The Price of Camel" Explain your answer for the following statements whether they are Macroeconomics or Microeconomics and why?

II. "The Growth and development of Oman Economy" Explain your answer for the following statements whether they are Macroeconomics or Microeconomics and why

Three economic questions must be determined in all societies. What are they? ()a) What is the opportunity cost of production? Does the society have a comparative advantage in production? Will consumers desire the goods being produced? O b) What goods will be produced? How will goods be produced? For whom will goods be produced? ( c) What will the price of each good be? Who will produce each good? Who will consume each good? d) How much will be produced? When will it be produced? How much will it cost? How do microeconomics and macroeconomics differ? ()a) Microeconomics studies aggregate decision making, while macroeconomics examines individual decision making- (b) Microeconomics utilizes positive economic analysis, while macroeconomics utilizes normative economic analysis. c) Microeconomics is concerned with consumer behaviour, while macroeconomics is concerned with firm behaviour. ()d) Microeconomics studies individual decision making, while macroeconomics examines aggregate decision making.Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Macroeconomic | Motor vehicle production in China is growing by 10 percent a year. Microeconomic Coffee prices rocket. Macroeconomic Globalization has reduced African poverty. Macroeconomic The government must cut its budget deficit. Microeconomic Apple sells 20 million iPhone 6 a month. Click to select your answer(s). Save for LaterWhich one of the following is true? Select one: a. Microeconomics is the study of an economy as a whole. b. Macroeconomics studies how individuals make choices. c. The study of the inflation rate is covered under microeconomics, d. The study of the unemployment rate is covered under macroeconomics Microeconomics describes what economic agents actually do, whereas macroeconomics describes what economic agents ought to do