Which of the Following Is Considered a Macroeconomic Question

question 12

Multiple Choice

Which of the following is considered a macroeconomic question?

• A)How can one particular firm maximize profits?
• B)What is the impact of competition on the profits of a business?
• C)How can economic policy fight inflation?
• D)How does a family allocate income among various available goods and services?
• E)What factors determine the wage rate in a certain industry?

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Definitions:

Unauthorized Agent

An individual who acts on behalf of another without having the legal or official permission to do so.

Principal

The amount of money that is originally invested or loaned, prior to interest or profit.

Primarily Liable

Refers to the party in a financial transaction or contractual agreement who has the direct responsibility to perform or pay.

Instrument

A formal legal document that records a right, duty, or the execution of a transaction, such as contracts, deeds, and promissory notes.