Microeconomics studies all of the following except:
A) the consumption behaviour of an individual household.
B) why a dozen fresh eggs costs less than a dozen fresh shrimp.
C) the effect of price supports on the supply of milk.
D) the effect of a tax cut on the nation's spendable income.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the actions of individuals and industries, like the behavior of households, the structure of markets, and the interaction between individual buyers and sellers. The effect of a tax cut on the nation's spendable income is a topic of macroeconomics, which deals with the economy as a whole, including issues like inflation, unemployment, and national economic growth.

Microeconomics Studies All of the Following Except