Which of the following is the best example of a microeconomics topic?
A)the study of how prices are determined in the computer industry
B)the study of unemployment in the economy
C)the study of how changes in the nation's money supply affect the nation's output
D)the study of inflation in the economy

Question

Quizplus · Accepted Answer

Microeconomics focuses on the individual decision-making units within an economy, such as households and firms. The study of how prices are determined in the computer industry is a microeconomic topic because it pertains to the specific behavior and interactions of firms within a particular industry. The other choices are more macroeconomic topics because they deal with broader economic issues affecting the entire economy.

Which of the Following Is the Best Example of a Microeconomics