What is the definition of microeconomics?
A) monetary policy as it pertains to specific industries
B) fiscal and monetary policy on a national level
C) the interactions of aggregated national and international economic data
D) individual companies, markets, or households

Question

Quizplus · Accepted Answer

Microeconomics is the branch of economics that studies the behavior of individual companies, markets, or households, as opposed to macroeconomics, which focuses on the economy as a whole. It examines how individuals and firms make decisions about the allocation of resources and the pricing of goods and services.

What Is the Definition of Microeconomics