Which of the Following Headlines Is More Closely Related to What

question 1

Multiple Choice

Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?

• A)Unemployment rate falls from 7.5 percent to 7.3 percent.
• B)Real GDP falls by 0.4 percent in the third quarter.
• C)Inflation was 2.4 percent last year.
• D)The price of gasoline rises due to rising oil prices.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, by systematic study of work methods.

Labor Force

All the members of a particular organization or population who are able to work, viewed collectively.

Conflict

A situation where opposing ideas, interests, or individuals compete, leading to disagreements or disputes within a group or organization.

Differential Piece-rate

A wage system where employees are paid based on the quantity of work produced, with rates changing at specific production thresholds to incentivize higher output.