Which of the Following Is the Best Example of a Macroeconomic

question 90

Multiple Choice

Which of the following is the best example of a macroeconomic externality?

• A) One person saving less without considering the effect on their retirement needs
• B) Many people saving more without considering the effect on unemployment
• C) One person starting a business without knowing whether the goods will sell
• D) One person spending more in order to help stimulate the economy

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Definitions:

Oil Boom

A period of significant economic growth due to the discovery or exploitation of oil resources.

Migration

Movement of people from one geographic area to another for the purpose of resettling.

Demographic Data

Collected statistical data about the characteristics of a population, such as age, sex, income level, and education, for analysis and policy-making.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.