Which of the Following Economic Decisions Would Most Likely Be

question 120

Multiple Choice

Which of the following economic decisions would most likely be studied by a macroeconomist?

• A) Domino's Pizza decides to provide quantity discounts in order to increase revenue.
• B) A local entrepreneur decides to open a Waffle House in the local Walmart parking lot.
• C) The government of Estonia implements a flat rate personal income tax for all citizens.
• D) Prices for train fares rise as labor unions negotiate higher wage rates.

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Definitions:

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.

Exchange Rates

The worth of one currency when converted into another.

Global Companies

Businesses that operate in multiple countries across the world, facing a wide range of economic, cultural, and regulatory environments.

Economic Infrastructure

The underlying physical and organizational structures needed for the operation of a society or economy, including transportation, communication, utilities, and services.