9
QuizMultiple Choice

Introduction to Macroeconomics

Question 9 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Economic interactions involving which of the following would most likely be studied in macroeconomics?

Answer
A
a family’s finances
B
trade at a duty-free shop on the U.S.-Canadian border
C
International Monetary Fund policy
D
a small company’s supply contract for a local town

Explanation

Macroeconomics studies the economy as a whole, including broad issues such as international monetary policy and the work of institutions that influence it. The International Monetary Fund’s policy is therefore a macroeconomic topic. A family’s finances, a shop’s trade, and one company’s contract are narrower, individual economic interactions.

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