Which of the Following Topics Are More Likely to Be

question 26

Multiple Choice

Which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist?

• A) the effect of taxes on the prices of airline tickets,the profitability of automobile-manufacturing firms,and employment trends in the food-service industry
• B) the price of beef,wage differences between genders,and antitrust laws
• C) how consumers maximize utility,and how prices are established in markets for agricultural products
• D) the percentage of the labor force that is out of work,and differences in average income from country to country

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Definitions:

Plessy v. Ferguson

A significant 1896 decision by the U.S. Supreme Court that confirmed racial segregation was constitutional if facilities for each race were "separate but equal."

Segregation

The enforced separation of different racial groups in a country, community, or establishment, often noted for its role in the historical and social landscapes of the United States.

Anti-Imperialist League

An organization established in the United States in 1898 to oppose the annexation of the Philippines and the American empire building.

American Citizenship

A status that entails specific rights, duties, and benefits in the United States, typically obtained by birth within the US, through naturalization, or by birth abroad to US citizen parents.