Which of the Following Is a Microeconomic Issue

question 164

Multiple Choice

Which of the following is a microeconomic issue?

• A)The quantity of wheat grown in South Australia increases this year.
• B)Growth in the Australian economy slowed.
• C)The inflation rate fell this year.
• D)Increased federal government expenditures have lowered the unemployment rate.
• E)The Australian government cuts taxes to combat a recession.

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Definitions:

Financing

The act of providing funds for business activities, making purchases, or investing.

Discharged By Frustration

A contract termination because an unforeseen event makes contractual obligations impossible to perform or drastically changes the party's principal purpose for entering into the contract.

Anticipatory Breach

An indication that one party intends not to fulfil their contractual obligations before the time of performance is due.

Freak Airplane Accident

An unusual and unexpected airplane incident resulting in damage or injury.