Which Statement Does NOT Deal with Microeconomics

question 48

Multiple Choice

Which statement does NOT deal with microeconomics?

• A) Profits for some manufacturing firms fell in 2009.
• B) In 2009, the unemployment rate in the United States rose to nearly 10%.
• C) Salaries of top executives fell in 2009.
• D) Competitive markets promote efficiency.

---

Definitions:

Population Mean

The average of all the values in a population, calculated as the sum of all values divided by the number of values.

Sample Mean

The arithmetic average of a set of numerical values, calculated by adding them together and dividing by the number of observations.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.

Descriptive Measure

A descriptive measure provides a summary or analysis that captures the characteristics or features of a dataset, often in terms of central tendency or variability.