An example of a microeconomic issue is:
A) the current inflation rate.
B) the threat of recession.
C) a local electric company's decision to raise its prices.
D) a discussion of a tax bill's impact on the economy.

Question

Quizplus · Accepted Answer

A local electric company's decision to raise its prices is a microeconomic issue because it focuses on the actions and decisions of individual businesses and consumers, rather than the economy as a whole.

An Example of a Microeconomic Issue Is