Which question is an illustration of a macroeconomic question?
A. Is a corporation unresponsive to the demands of its customers?
B. Is a consumer boycott an effective means of reducing a product's price?
C. How will the government's budget deficit be affected by public infrastructure projects?
D. Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline?
Answer: C
You might also like to view...
A constant-cost industry is one that can expand and contract without effecting per unit production costs
a. True b. False
Suppose the U.S. government has an annual budget of about $4 trillion. Does the U.S. government face the problem of scarcity?
A. No, a government with $4 trillion in spending faces no real constraints. B. No, scarcity does not apply to governments. C. Yes, resources are limited even for the U.S. government. D. Yes, although the U.S. government can easily obtain more resources. E. Uncertain, economic theory has no answer to this question.