Which of the Following Would Likely Be Studied by a Macroeconomist

question 136

Multiple Choice

Which of the following would likely be studied by a macroeconomist rather than a microeconomist?

• A)the effect of an increase in the alcohol tax on the market for beer
• B)the effect of foreign competition on the domestic auto industry
• C)the effect of a price war in the airline industry
• D)the effect of an increase in the minimum wage on an economy's overall rate of unemployment

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Definitions:

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Online networks and websites that allow users to create, share, or exchange information, ideas, and content among communities.

Construction Industry

The sector of the economy focused on building or assembling infrastructure, buildings, and other physical structures.

Civil Engineering

An engineering discipline that focuses on the design, construction, and maintenance of the physical and naturally built environment.

Endless Chain

A method of generating sales leads where each prospect provides the name of another potential customer, creating a continuous chain of contacts.