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

Question

Quizplus · Accepted Answer

Microeconomics deals with the behavior of individual consumers, firms, and industries, and focuses on specific economic decisions and their effects. The question of whether the government should subsidize college education relates to the behavior of individual consumers and the effects of government action on specific markets, making it a microeconomic question. A, on the other hand, pertains to macroeconomics, which deals with the overall performance and behavior of the economy as a whole. C is also a macroeconomic question since it concerns the aggregate economic growth of an entire country. D is incorrect as A and C are not microeconomic questions.

Which of the Following Is a Microeconomic Question