Which of the following would likely be considered as a topic of microeconomics?
A) a nation's unemployment rate
B) Gross Domestic Product
C) the price of apples
D) the effects of fiscal policy on the economy

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision-making of individuals and firms in markets. The price of apples is a specific market phenomenon that falls within the realm of microeconomics. The other options are more macroeconomic in nature, as they involve overall economic indicators and government policies affecting the whole economy.

Which of the Following Would Likely Be Considered as a Topic