Questions: A policy such as pollution regulations on steel plants would be studied under , since it deals with microeconomics macroeconomics

A policy such as pollution regulations on steel plants would be studied under , since it deals with microeconomics macroeconomics
Transcript text: A policy such as pollution regulations on steel plants would be studied under $\square$ , since it deals with microeconomics macroeconomics
failed

Solution

failed
failed
Answer

The answer is microeconomics.

Explanation
Option 1: Microeconomics

Microeconomics is the branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. Pollution regulations on steel plants would be studied under microeconomics because it deals with the behavior of individual firms (in this case, steel plants) and how they respond to regulatory policies. It examines the impact of these regulations on production costs, supply, and pricing within the steel industry.

Option 2: Macroeconomics

Macroeconomics, on the other hand, deals with the economy as a whole, including issues like inflation, unemployment, and national economic growth. While pollution regulations can have broader economic implications, the direct study of their impact on specific industries like steel plants falls under microeconomics.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Which of the following is a way that someone could steal your social security number? Choose 1 answer. (A) Your utility company calls you and asks you to verify your account using your social security number. (B) You fill out a job application that asks for your social security number. (C) You give your social security number to a government agency.
failedAnswered
A chef adjusts a recipe to feed a large crowd. The adjusted recipe requires 48 cups of milk. How many gallons of milk does the chef need for the new recipe?
failedAnswered
Use the accompanying radiation levels (in W/kg) for 50 different cell phones. Find the percentile P25. 0.25 0.28 0.29 0.48 0.56 0.58 0.61 0.64 0.78 0.84 0.88 0.91 0.94 0.95 0.96 0.98 0.99 1.00 1.05 1.08 1.09 1.12 1.15 1.15 1.16 1.17 1.18 1.19 1.19 1.20 1.21 1.22 1.27 1.27 1.28 1.29 1.31 1.31 1.34 1.35 1.37 1.41 1.42 1.42 1.44 1.48 1.48 1.50 1.51 1.53 P25=□ W/kg (Type an integer or a decimal. Do not round.)
failedAnswered
Sex is defined as the biological and physiological characteristics (in contrast to the behaviors) that define men and women.
failedAnswered
Solve for (x) [ log 2(x+7)=2-log 2(x+4) ] If there is more than one solution, separate them with commas. If there is no solution, click on "No solution". [ x= ]