Microeconomics includes the study of
A) how countries decide to fund their budget deficits.
B) the choices that individuals and businesses make.
C) how a nation promotes economic growth.
D) the effect on the national economy of the choices that individuals make.
E) the overall amount of production within the economy.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision-making of individuals and businesses in the marketplace, rather than the overall economic trends and policies of a nation. Therefore, the study of how countries fund their budget deficits, promoting economic growth, and overall production levels are more related to macroeconomics.

Microeconomics Includes the Study of