Which of the Following Is a Macroeconomic Topic

question 71

Multiple Choice

Which of the following is a macroeconomic topic?

• A) The federal government's decision to spend more on environmental protection
• B) The county government's decision to increase the sales tax for your county
• C) Why did production and jobs expand slowly in 2011?
• D) General Motors decides what prices to set for their new models.
• E) The effect of floods in the growing areas on the price and quantity of wheat

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Definitions:

Tax Advantages

Financial benefits that apply to certain investments or accounts, which can reduce the amount of tax owed to the government.

Right of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.

Limited Liability

A form of legal protection for shareholders and owners that limits their losses to the amount of investment in the company, protecting personal assets from company debts and liabilities.

Double Taxation

Double Taxation is a tax principle referring to income taxes being paid twice on the same source of earned income. It can occur when income is taxed at both the corporate level and personal level, or in two different countries.