Activity 1(a)

Actitivity 1a: Macro or micro?

Concepts/factors/events

 

 

The shortage of cars in the Australian market due to a lack of key resources

Micro

 

The decision by the government to increase the assistance provided to first home buyers

Micro

 

An increase in the inflation rate above the target of 2 to 3% on average.

MACRO

 

The increasing number of workers who are employed as casuals

MACRO

 

The decision by the government to halve the excise tax on petrol

Micro

 

A decision by the Russian Government to invade Ukraine

MACRO

 

A decrease in the total volume of production due a drought

MACRO

 

A decrease in the price of economics textbooks

Micro

 

The closure of a local bookshop due to increased competition from online sellers

Micro

 

An increase in the allocation of resources to the production of avocadoes due to their perceived health benefits.

Micro

 

The opening of new urgent care health clinics

Micro