Which of the Following Is a Microeconomic Issue

question 134

Multiple Choice

Which of the following is a microeconomic issue?

• A)Why has economic growth been rapid in China?
• B)Why has unemployment risen nationwide?
• C)Why is the average income lower in Africa than in Latin America?
• D)Why did overall production increase in Australia last year?
• E)What is the impact on the quantity of Pepsi purchased if consumers' tastes change in favour of non-carbonated drinks?

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Definitions:

Monthly Schedule Depositor

A designation for businesses that are required to deposit employment taxes on a monthly basis due to their tax liability amount.

Semiweekly Schedule Depositor

This term refers to businesses that are required to deposit employment taxes on a semiweekly basis, typically when they have accrued a certain amount of tax liability.

Tax Liability

The total amount of tax owed to federal, state, or local tax authorities for a given period.

Form 4070

A tax form used by employees in the United States to report tips received to their employer.