6. Indicate whether each of the following state- ments applies to microeconomics or macro- marginal cost and economics: LO3 a. The unemployment rate in the United States was 5.0% in April 2008. b. A...

Extracted text: 6. Indicate whether each of the following state- ments applies to microeconomics or macro- marginal cost and economics: LO3 a. The unemployment rate in the United States was 5.0% in April 2008. b. A U.S. software firm discharged 15 work- ers last month and transferred the work to India. C. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise. d. U.S. output, adjusted for inflation, grew by 2.2% in 2007. e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.