Microeconomics is the branch of economics that concerns
A) the overall health of the economy
B) the behavior of individual households,firms,and governments
C) the overall level of trade between nations
D) local governments only
E) the general level of output

Question

Quizplus · Accepted Answer

Microeconomics focuses on the decisions made by individual households, firms, and governments, such as how they allocate resources, prices they set, and how they respond to changes in prices and policies. It is more concerned with explaining how the market works and how it affects individual actors rather than the overall health of the economy or international trade.

Microeconomics Is the Branch of Economics That Concerns