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Corresponding factors of production

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Identify the questions if its Macroeconomics or Microeconomics.

1. The inflation rate in the Philippines in the last quarter of 2013 was 4.8%.

2. A P340-billion deficit in the Philippine budget is expected in the year 2015.

3. Prices of Toyota vehicles are predicted to go up in December.

4. Garlic prices in the past months have risen because producers hoarded their supplies in their bodegas.

5. Unemployment rate has dropped because of the increase in the number of OFWs.

6. In the past year, Coca Cola was named the fastest selling product in the market.

7. Rental on land could not be increased by landowners because of the Rent Control Law.

8. Prices of apples and grapes tend to increase during the Christmas season.

9. The Philippine economy grew at the rate of 5.8% in 2013.

10. Philippine congress passed the Value Added Tax Law to strengthen the Philippine tax system.

Analyze the following example and choose the corresponding factors of production it belongs.

C - Capital

L - Land

LA - Labor

E - Entrepreneur

1. Carpenters

2. Business Proprietor

3. Modern HD Printer

4. Urban Area of Pampanga (A place)

5. Production Equipment

Reference no: EM133066174

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