Which of the Following Is a Microeconomic Issue

question 85

Multiple Choice

Which of the following is a microeconomic issue?

• A)The Australian government cuts taxes to combat a recession.
• B)The unemployment rate soars in Spain.
• C)The price of petrol increases in the United States this year.
• D)The Brazilian economy experiences rapid economic growth.
• E)Inflation skyrockets in Russia.

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Definitions:

Profit Centre

A business unit or department within an organization that is responsible for generating its own revenue and profit.

Cost-Plus Transfer Price

A pricing method where the selling price of a product is determined by adding a specific markup to the product's cost.

Market-Price Transfer

A pricing method used in transactions between divisions of the same company, based on prevailing market prices.

Durian Juice Concentrate

A thick, reduced extract of durian fruit, used as a base for beverages, flavoring, or food products.