Which of the following is a microeconomic question?
A) Is it sensible for the government to subsidize college education?
B) Why do some countries grow faster than others?
C) Should Congress and the president take action to reduce the unemployment rate?
D) All of the above are microeconomic questions.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual markets, consumer behavior, and the decisions of individual firms and households. Whether the government should subsidize college education is a question that pertains to the market for education, which is a microeconomic issue. The other options (B and C) are macroeconomic questions that deal with the overall economy rather than specific markets or individual decision-making.

Which of the Following Is a Microeconomic Question