Which of the Following Terms Identifies Something That Macroeconomists Would

question 149

Multiple Choice

Which of the following terms identifies something that macroeconomists would study but that microeconomists would NOT?

• A) incentives
• B) resources
• C) rationality
• D) aggregates

---

Definitions:

UPA

Uniform Partnership Act, which is legislation adopted by some states in the USA to govern partnerships.

Limited Liability

A legal status where an individual's financial risk is restricted to a fixed amount, typically the value of their investment in a company, protecting personal assets from business debts.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

Unlimited Liability

A legal structure in which business owners are personally responsible for all of the company's debts.