Microeconomics deals with the analysis of all the following questions except how:
A) the wages of carpenters are determined.
B) high did unemployment rise during the Great Depression.
C) does Ford decide how to price its cars.
D) does a college student decide how to spend her income.
E) do monopolies and competitive markets differ.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision-making of individuals and firms with regards to the allocation of scarce resources. It does not analyze macroeconomic trends such as unemployment, which falls under the purview of macroeconomics.

Microeconomics Deals with the Analysis of All the Following Questions