Which of the following topics would most likely be studied in microeconomics?
A) Bob's household budget
B) The U.S. federal budget
C) Interest rate policy in Europe
D) Unemployment in Mexico

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic behavior such as households, businesses, and markets. Bob's household budget is an example of an individual economic behavior that would fall under the realm of microeconomics. The other choices involve larger economic systems and policies that would be studied in macroeconomics.

Which of the Following Topics Would Most Likely Be Studied