Which of the Following Areas of Study Typifies Macroeconomics as Opposed

question 36

Multiple Choice

Which of the following areas of study typifies macroeconomics as opposed to microeconomics?

• A)the effects of rent control on the availability of housing in New York City
• B)the economic impact of tornadoes on cities and towns in Oklahoma
• C)how tariffs on shoes affects the shoe industry
• D)the effect on the economy of changes in the nation's unemployment rate

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Definitions:

Income Statements

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.

Wholesalers

Businesses that buy goods in bulk from manufacturers or distributors and then sell them in smaller quantities to retailers or other businesses.

Retailers

Businesses that sell goods or services directly to consumers.

FOB Shipping Point

A term used in shipping indicating that the buyer assumes ownership and the risk of loss of goods once the seller ships the product.