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Below are six statements. indicate whether each on pertains micareconomics.

A) "The inflation rate in Canada hit its lowest level in the last twenty years".
B) "The profits of BCE rose 20 percent during the past quarter".
C) "A drought has occurred in the Prairies.The prices for barley are expected to rise sharply".
D) "The nation's economy grew at an annual rate of 3.7 percent in the final quarter of the year".
E) "The trade surplus in Canada was $4 billion last month".
F) "General Motors plans to spend $800 million on a new automobile plant".

1 Answer

3 votes

Answer:

B), C) and F)

Step-by-step explanation:

Microeconomics refers to the study of individuals, households, firm behavior for making the decision and distribution of resources. It is useful for the markets that offered goods and services and also handle an individual and economic issues

Therefore in the given case, the microeconomics covered in B, C and F options

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