Microeconomics:
A)is concerned with the aggregate or total levels of income, employment, and output.
B)is not concerned with details, but only with the overall "big picture" of the economy.
C)is concerned with individual economic units and specific markets.
D)describes the aggregate flows of output and income.

Question

Quizplus · Accepted Answer

Microeconomics is concerned with individual economic units and specific markets. It analyzes the behavior of consumers and producers in the market, their interactions, and the supply and demand for goods and services. It focuses on the decisions made by individuals and firms and how those decisions affect the allocation of resources.