Which of the Following Questions Is More Likely to Be

question 128

Multiple Choice

Which of the following questions is more likely to be studied by a macroeconomist than a microeconomist?

• A)Why do prices in general rise by more in some countries than others?
• B)Why do wages differ across industries?
• C)Does education increase a worker's income on average?
• D)Is there usually a gain from trade between two countries?

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Definitions:

Severance Pay

Compensation provided to an employee upon termination of employment, often based on length of service or the terms of their employment contract.

Profit Sharing

A company policy where employees receive a portion of the company's profits in addition to their regular compensation.

Vicariously Liable

A legal principle where one party is held responsible for the actions or omissions of another, such as an employer for their employees.

Spare Time

The time that someone has free from their employment or other obligations, often used for relaxation or personal activities.