Which of the Following Is Considered a Microeconomic Issue

question 26

Multiple Choice

Which of the following is considered a microeconomic issue?

• A) The Bureau of Economic Analysis reviews quarterly national income accounting data.
• B) A firm decides to purchase pay-per-click online advertising.
• C) The Federal Reserve increases the discount rate.
• D) The CPI reports a rise in inflation during the month of July.

---

Definitions:

Implied

In legal context, refers to obligations or rights that are not explicitly stated but are understood as a part of the agreement or contract.

Intervening Illegality

A situation where a change in law or illegal act by a third party prevents the fulfillment of a contract, thereby excusing performance by the contracted parties.

Embargo

A government order that restricts trade or exchange with a particular country or the exchange of specific goods.

Sophisticated Computer

A highly advanced and complex computer system capable of performing intricate tasks or simulations, often used in professional or research contexts.