Which of the Following Is a Macroeconomic Topic

question 111

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 rapidly in 2004?
• 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:

Economies of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread over more units.

Horizontal

A term describing alignment or arrangement on a single plane or level, often used to denote businesses operating at the same stage of the production process.

Anti-Trust Legislation

Laws aimed at promoting competition by regulating and preventing anti-competitive business practices.

Justice Department

A part of the U.S. federal government responsible for the enforcement of the law and administration of justice.