Which of the Following Topics Are More Likely to Be

question 3

Multiple Choice

Which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist?

• A)the effect of taxes on the prices of airline tickets,and the profitability of automobile-manufacturing firms
• B)the price of beef,and wage differences between genders
• C)how consumers maximize utility,and how prices are established in markets for agricultural products
• D)the percentage of the labor force that is out of work,and differences in average income from country to country

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Definitions:

Skill Needs

The specific abilities and expertise required for performing certain tasks or jobs effectively.

Response Time

The amount of time it takes to react to a request or stimulus, often used in the context of customer service or computer processing.

Tariffs

Taxes imposed by a government on imported or exported goods.

Economies of Scale

Economies of scale refer to the reduction in the cost per unit that companies experience as they increase their production volume.