Microeconomics deals with the analysis of all of the following issues except
A) wage determination of carpenters
B) unemployment during the Great Depression
C) how Ford prices its cars
D) the decision a college student makes concerning his or her consumption
E) how monopoly and competitive markets differ

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual and business decisions regarding the allocation of resources and prices of goods and services. It deals with issues like wage determination, pricing strategies, consumer behavior, and market structures. The unemployment during the Great Depression is a macroeconomic issue, as it deals with economy-wide phenomena.

Microeconomics Deals with the Analysis of All of the Following