Which scenario does NOT fall under the category of microeconomics?
A) Cooks at McDonalds supply labor in return for wages.
B) The cost of living rises due to rising housing and food prices.
C) Jonathan decides to go to the movies instead of going to work.
D) Pepsi is experiencing an increase in revenue for this quarter.

Question

Quizplus · Accepted Answer

While rising housing and food prices may impact individual households, it falls under the category of macroeconomics as it looks at the broader economy as a whole. Microeconomics focuses on individual decision-making such as in scenarios A, C, and D.

Which Scenario Does NOT Fall Under the Category of Microeconomics