Which of the Following Economic Decisions Would Most Likely Be

question 120

Multiple Choice

Which of the following economic decisions would most likely be studied by a macroeconomist?

• A) Domino's Pizza decides to provide quantity discounts in order to increase revenue.
• B) A local entrepreneur decides to open a Waffle House in the local Walmart parking lot.
• C) The government of Estonia implements a flat rate personal income tax for all citizens.
• D) Prices for train fares rise as labor unions negotiate higher wage rates.

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Definitions:

Assembly Language

Assembly language is a low-level programming language that is closely correlated to the machine code, making it easier for programmers to manipulate hardware directly.

ASCII Character Set

A character encoding standard for electronic communication, representing text in computers, encoding 128 specified characters.

Unicode Character Set

The Unicode Character Set is a computing industry standard designed to consistently encode, represent, and handle text expressed in most of the world's writing systems.

John Von Neumann

A pioneering computer scientist, mathematician, and physicist known for his contributions to game theory, computer architecture, and quantum mechanics.