Which of the following would be of particular interest to a microeconomist?
A) The price of fruit the typical household consumes.
B) The nation's inflation rate.
C) The nation's rate of unemployment.
D) The budget of the national government.
E) The growth of the economy.

Question

Quizplus · Accepted Answer

Microeconomists focus on the behavior and decisions of individual consumers, firms, and industries. Therefore, the price of a specific good, such as fruit, would be of particular interest to them as they analyze how consumers respond to changes in price and how firms make production and pricing decisions. The other options listed (inflation rate, unemployment rate, government budget, and economic growth) are macroeconomic indicators that would be of more interest to macroeconomists who are more concerned with the overall performance of the economy.

Which of the Following Would Be of Particular Interest to a Microeconomist