Which of the following is a topic of microeconomics?
A) the level of national income
B) the level of employment in the country
C) the prices of all goods in the country
D) the profit of firms in the banking industry
E) the level of national output

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decisions of individual firms, households, and consumers, including aspects such as market pricing, production, and profit maximization. The profit of firms in the banking industry is a specific topic within microeconomics. The other options are topics that fall under macroeconomics, which deals with larger-scale phenomena such as overall economic growth, employment levels, and national economic output.

Which of the Following Is a Topic of Microeconomics