(Solved): please, answer all questions  3. Suppose that Dr. Strangelove's theory is that the price of mus ...

3. Suppose that Dr. Strangelove's theory is that the price of mushrooms is determined by the activity of subatomic particles that exist in another universe that is parallel to ours. When the subatomic particles are emitted in profusion, the price of mushrooms is high. When subatomic particle emissions are low, the price of mushrooms is also low. How would you go about testing Dr. Strangelove's theory? Dis-cuss whether this theory is useful. 4. Briefly explain whether each of the following is primarily a microeconomic issue or a macroeconomic issue. a. The effect of higher cigarette taxes on the quantity of cigarettes sold b. The effect of higher income taxes on the total amount of consumer spending c. The reasons the economies of East Asian countries grow faster than the economies of sub-Saharan African countries d. The reasons for low rates of profit in the airline industry