Question

question 1 (1 point)
which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist?
o a the percentage of the labor force that is out of work, and differences in average income from country to country
o b the distribution of income and the effect of taxes on that distribution.
o c the price of beef, wage differences between genders, and antitrust laws
o d how consumers maximize utility, and how prices are established in markets for agricultural products
o e the effect of taxes on the prices of airline tickets, the profitability of automobile - manufacturing firms, and employment trends in the food - service industry

Explanation:

• Macroeconomics focuses on the economy as a whole, such as unemployment (percentage of labor force out of work) and international income differences (average income across countries).
• Microeconomics deals with individual - level or firm - level economic behavior. Options b (income distribution and tax effects on it - can be micro as it can relate to individual income groups), c (price of beef - firm/industry level, wage differences between genders - individual labor market, antitrust laws - firm competition), d (consumer utility maximization - individual consumer, agricultural product market prices - specific market), e (taxes on airline tickets - specific industry, firm profitability - firm level, employment trends in a specific industry - micro - industry level) are more microeconomic topics.

Answer:

A. the percentage of the labor force that is out of work, and differences in average income from country to country