Chapter 01 Managers and EconomicsCritical Thinking Questions: Write your answer in the space provided or on a separate sheet of paper.1)Explain the basic distinction between microeconomic analysis and macroeconomic analysis. Describe the tyof issues that each branch of analysis focuses on.
2)Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area(population=200,000). Provide a list of economic variables you would recommend that the person consider making his decision whether to open the business, and explain your rationale for including each variable.
3)List and describe the sources of spending in the economy by focusing on the four major sectors of the econ