When,after seeing the current mortgage interest rates and immediately deciding to start the search for a new house,you are using
A) microeconomics to evaluate the merits of public policies.
B) microeconomics to understand markets and predict changes.
C) microeconomics to understand marginal changes in the macroeconomy.
D) microeconomics to make managerial and personal decisions.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic behavior and decision-making, which makes it applicable to personal decisions such as buying a new house based on current mortgage interest rates. Therefore, using microeconomics to make managerial and personal decisions is the best choice in this scenario.

When,after Seeing the Current Mortgage Interest Rates and Immediately Deciding