Which of the Following Questions Is a Macroeconomic Issue

question 586

Multiple Choice

Which of the following questions is a macroeconomic issue?

• A) What is the future growth prospect for an economy?
• B) What effect would a cure for Mad Cow Disease have on the market for beef?
• C) How many more pounds of cookies will a consumer purchase if the price of cookies decreases?
• D) How many workers should the owner of a business hire?

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Definitions:

Significant Influence

The ability to be involved in the financial and managerial policy decisions of an investment without having controlling authority over those policies.

Fair Value Through Profit or Loss

An accounting approach where financial assets are valued at their current market price, with changes in fair value reported in the profit or loss statement.

Journal Entries

The record of financial transactions in the books of accounts in chronological order, showing the accounts and amounts debited and credited.

Significant Influence

The power to participate in the financial and operating policy decisions of a business, without controlling it.