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Which of the Following Questions Would Not Be Part of Macroeconomics? A

Question 12
Multiple Choice

Which of the following questions would NOT be part of macroeconomics? A) What caused the Great Depression? B) At what rate does the Canadian economy typically grow? C) Did the sharp increase in gasoline prices alter SUV sales? D) How does government spending affect the economy? E) Do trends exist in the national rate of unemployment?

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Q 13
Macroeconomics differs from microeconomics in that A) the concept of scarcity applies to the latter but does not apply to the former. B) the latter studies individual markets while the former studies groups of markets,including the whole economy. C) rational decisions are relevant to the former but not the latter. D) the former is the study of how people make choices under conditions of scarcity while the latter is concerned with the results of those choices for society. E) the former explains such concepts as how prices are determined in markets while the latter explains the overall price level.
Q 14
Microeconomics includes the study of A) inflation. B) unemployment. C) economic growth. D) the distribution of income. E) the national aggregate output.
Q 15
How the price mechanism allocates resources in particular markets is a topic in A) microeconomics. B) macroeconomics. C) welfare economics. D) entrepreneurial economics. E) positive economics.
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