Which Topic Is a Macroeconomic Topic

question 169

Multiple Choice

Which topic is a macroeconomic topic?

• A) the study of the business cycle
• B) price of a pair of Nike shoes
• C) total sales for General Electric in 2009
• D) labor market for computer analysts

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Variable Cost

Costs that vary in direct proportion to changes in levels of production or business activity, such as materials and labor.

Fixed Cost

A cost that does not change with the volume of sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.