When Mr.Peabody decides on the companies to which he will donate his time and money, a ________ issue is being addressed.
A)microeconomic
B)macroeconomic
C)positive economic
D)normative economic

Question

Quizplus · Accepted Answer

Mr. Peabody's decision to donate his time and money to certain companies is a microeconomic issue because it concerns the allocation of resources at the individual level. He is making a decision based on his personal preferences and values, rather than considering larger economic factors or government policies, which are characteristic of macroeconomic issues. Positive and normative economic issues refer to the descriptive and prescriptive aspects of economics respectively, and are not necessarily relevant to Mr. Peabody's decision-making process.

When MrPeabody Decides on the Companies to Which He Will Donate