Which question is an illustration of a macroeconomic question? A) Is a consumer boycott an effective means of reducing a product's price? B) Is a corporation unresponsive to the demands of its customers? 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?

Question

Business

Lorelai

18 July, 02:26

Which question is an illustration of a macroeconomic question? A) Is a consumer boycott an effective means of reducing a product's price? B) Is a corporation unresponsive to the demands of its customers? 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?

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Answers (1)

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Yandel Pena · Answer 1

C. How will the government's budget deficit be affected by public infrastructure projects?

Explanation:

Micro Economics deals with individual consumers, firms, industries. Eg: Price of a Product.

Macro Economics deals with economy as a whole. Eg: General Price Level in Economy.

A, B, D are Micro Economic questions - linked to a product's price, a corporation responsiveness to demand, oil industry price impact.

C. is linked to Macro Economic concept 'budget' affected by public infrastructure projects.