Which of the following is NOT a microeconomic question?
Choose 1 answer:
(A) How does a mother's education influence a child's health?
(B) What happens to a firm's revenue if they increase a good's price?
(c) How is the unemployment rate related to business cycles?
(D) How do labor unions influence wages in the trucking industry?
(E) How should a firm respond if it knows a competing firm will advertise?

Question

Which of the following is NOT a microeconomic question?
Choose 1 answer:
(A) How does a mother's education influence a child's health?
(B) What happens to a firm's revenue if they increase a good's price?
(c) How is the unemployment rate related to business cycles?
(D) How do labor unions influence wages in the trucking industry?
(E) How should a firm respond if it knows a competing firm will advertise?

Accepted Answer

***C*** ∻Key Concept∻ ⚹Macroeconomics vs. Microeconomics⚹ ∻Explanation∻ ⚹The unemployment rate is a macroeconomic issue as it deals with economy-wide phenomena rather than individual actions or decisions of single economic entities. Business cycles, which affect the overall economy, are a central concern of macroeconomics.⚹◊What impact do labor unions have on the overall level of employment in the economy?⍭ Generate me a similar question◊

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