Microeconomics is concerned with the study of
A) the effects of inflation.
B) the effects of government spending.
C) the effects on individual producers of higher wages paid to workers.
D) aggregates.

Question

Quizplus · Accepted Answer

Microeconomics studies the behavior of individual economic units such as firms, households, and individuals. The effects on individual producers of higher wages paid to workers falls under the scope of microeconomics. Therefore, option C is the correct answer. Option A and B relate to macroeconomics, while option D is vague and does not provide a clear answer.

Microeconomics Is Concerned with the Study of