Which of the Following Is a Macroeconomic Issue

question 58

Multiple Choice

Which of the following is a macroeconomic issue?

• A)how many workers a firm employs
• B)what determines the percentage of population that is employed
• C)how an increase in wages changes costs of production
• D)how an income tax changes a person's decision to look for a job

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Definitions:

Manufacturing Industries

Sectors of the economy that use machinery, tools, and labor to produce goods for use or sale.

Pure Competition

A market structure characterized by a large number of small firms all producing homogeneous products and facing no barriers to entry or exit.

Utility-maximizing Consumer

A theoretical concept in economics where a consumer seeks to get the maximum satisfaction or utility from their available resources or budget.

Income

Income, particularly when earned regularly through employment or investment returns.