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:

Grasses

A large and diverse family of plants, known scientifically as Poaceae, which includes wheat, corn, and rice, and is characterized by narrow leaves growing from the base.

Synapsids

A group of animals that includes mammals and their extinct relatives, characterized by a single temporal fenestra (an opening in the skull behind each eye).

Reptiles

Cold-blooded vertebrates characterized by scales or hard plates, such as snakes, turtles, and lizards, that reproduce mostly through eggs.

Modern-Day Mammals

Contemporary species of the mammalian class, characterized by features such as hair, three middle ear bones, and mammary glands for feeding young.