Which of the following is most likely a topic of discussion in a microeconomics course?
A) an increase in the rate of inflation
B) an increase in the number of jobless individuals filing employment insurance claims
C) an increase in the price of lumber used to construct houses
D) a decrease in the share of national income paid to the government in taxes

Question

Quizplus · Accepted Answer

Microeconomics typically focuses on individual markets and the behavior of consumers and firms within those markets. The increase in the price of lumber (a specific market) would be a relevant topic for discussion in a microeconomics course. The other options involve broader, macroeconomic issues.

Which of the Following Is Most Likely a Topic of Discussion