Complete the following sentence.Microeconomics is
A)not concerned with factors of production.
B)concerned with normative issues only.
C)concerned with the size of the total amount of income earned by all households in an economy.
D)the branch of economics that studies the choices of individuals and businesses.
E)concerned exclusively with the role of the government in the economy.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual and business behavior in the context of resource allocation and decision making. It focuses on the analysis of market mechanisms and how they allocate resources efficiently. Microeconomics does not exclusively consider government intervention but rather explores how market forces and government policies can interact and affect economic outcomes. Therefore, option D is the best answer.

Complete the Following Sentence.Microeconomics Is