(Please explain why this statement is WRONG). NOTE: The assignemnt is to determi
ID: 1219139 • Letter: #
Question
(Please explain why this statement is WRONG).
NOTE: The assignemnt is to determine Microeconomics from Macroeconomics. This indivudual belives this statement is MACROECOMICS. I personally diagree and think MICROECONOMICS.
(STATEMENT TO DETERMINE MACRO OR MICRO)- The Federal Aviation Administration (FAA) requires all passengers to pass through more enhanced security screening for security purposes, which leads to increased waiting times.
(STATEMENT)- This will affect each and every person walking through security. Even though it will take longer for security, the end result will be a safer place. Definitely macroeconomics, because it is a larger scale.
(I THINK MICRO. HELP ME EXPLAIN WHY OR PLEASE EXPLAIN WHY I AM WRONG)
Explanation / Answer
macro is the right answer. because it only consider the study of all external and mateiral factors of a work or an act. where as micro economics focus on a limited area or its scope is very limited in nature. they only consize their output or result only related to the particular aspect. but macro economics considers all internal and external factors in a socity and all aspects are should be studied.
study of macro economics helps the economy as a whole and by considering all the possible outcomes and expectations only they can make policies to the whole. if you focus on micro economics, you can fulfill or resolve the problems of one particular community or one special group but not all. if you want to solve the problems of all then we need to be go with macro economics. because in this we consider the total economy and its problems and pitfals of the economy.
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