Which of the Following Is a Microeconomic Issue

question 119

Multiple Choice

Which of the following is a microeconomic issue?

• A)Growth in the U.S. economy slowed.
• B)Increased federal government expenditures have lowered the unemployment rate.
• C)The inflation rate fell this year.
• D)The U.S. government cuts taxes to combat a recession.
• E)The quantity of wheat grown in the United States increases this year.

---

Definitions:

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions.

Status Construction

The process by which social statuses are created, maintained, and transformed through social interactions and structures.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a society or group.

Diffuse Status Characteristics

Social attribute of a person that influences evaluations and beliefs about that person’s general competence.