In all cases,microeconomics deals with
A) what is.
B) what should be.
C) relatively small units in the economy.
D) the entire economy.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision making of individuals, households, and firms, which are relatively smaller units in the economy compared to the entire economy. Options A and B refer to normative economics, which goes beyond describing what is and focuses on advocating what should be. Option D refers to macroeconomics, which deals with the overall performance and behavior of the entire economy.

In All Cases,microeconomics Deals with