A household’s decision regarding whether or not to go on vacation is a microeconomic issue. Decisions related to individual and household spending are treated as microeconomic because they do not affect the economy as a whole. A household is an individual economic agent, and its choices do not affect other market factors.
Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer.
Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.
Cite this page
Select a citation style:
References
Academic.Tips. (2022) 'Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer'. 6 April.
Reference
Academic.Tips. (2022, April 6). Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer. https://academic.tips/question/analyze-whether-a-households-decision-regarding-whether-or-not-to-go-on-vacation-is-primarily-a-microeconomic-or-macroeconomic-issue-briefly-explain-your-answer/
References
Academic.Tips. 2022. "Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer." April 6, 2022. https://academic.tips/question/analyze-whether-a-households-decision-regarding-whether-or-not-to-go-on-vacation-is-primarily-a-microeconomic-or-macroeconomic-issue-briefly-explain-your-answer/.
1. Academic.Tips. "Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer." April 6, 2022. https://academic.tips/question/analyze-whether-a-households-decision-regarding-whether-or-not-to-go-on-vacation-is-primarily-a-microeconomic-or-macroeconomic-issue-briefly-explain-your-answer/.
Bibliography
Academic.Tips. "Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer." April 6, 2022. https://academic.tips/question/analyze-whether-a-households-decision-regarding-whether-or-not-to-go-on-vacation-is-primarily-a-microeconomic-or-macroeconomic-issue-briefly-explain-your-answer/.
Work Cited
"Analyze whether a household’s decision regarding whether or not to go on vacation is primarily a microeconomic or macroeconomic issue. Briefly explain your answer." Academic.Tips, 6 Apr. 2022, academic.tips/question/analyze-whether-a-households-decision-regarding-whether-or-not-to-go-on-vacation-is-primarily-a-microeconomic-or-macroeconomic-issue-briefly-explain-your-answer/.
Copy