Question

1. Indicate whether the following issue concerns microeconomics or
macroeconomics:

A) Air Canada’s decision to add or cut flights on a certain day of
the week

B) The impact of currency depreciation on a country’s economy

C)Government introduces a national program designed to increase physical fitness in the population.

2. Indicate whether the following statement is a positive or normative statement:

A)Students who spend more time studying receive higher grade

B) Lower interest rates should cause increased spending in construction

C) The Calgary Flames are more fun than the Oilers