Which of the Following Is a Macroeconomics Question

question 65

Multiple Choice

Which of the following is a macroeconomics question?

• A)What determines the inflation rate?
• B)What determines the production of DVDs?
• C)What factors determine the price of carrots?
• D)What determines the wage of auto workers?

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Definitions:

Marginal Benefit

The additional satisfaction or utility a consumer receives from consuming an additional unit of a good or service.

Marginal Cost

The financial outlay for making one more unit of a product or service.

Pollution Abatement

Measures and activities undertaken to reduce, control, or eliminate pollution from various sources in order to protect the environment.

Marginal Utility

The further gratification or value experienced by an individual upon consuming an extra unit of a particular good or service.