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.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

Political Incentive

A reason or motivation based on political goals or outcomes, influencing the actions of politicians or governments.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.