Microeconomics includes the study of the
A)choices made by individuals and businesses.
B)recessions and inflation in the global economy.
C)reasons why the government changes interest rates.
D)aggregate effects on the national economy.
E)nationwide unemployment rate.

Question

Quizplus · Accepted Answer

Microeconomics is concerned with analyzing the choices made by individuals and businesses in the economy. It focuses on understanding how individual decision-making affects resource allocation, prices, and production. The other options listed are more closely associated with macroeconomics.

Microeconomics Includes the Study of the