The study of an individual's economic decisions would be an example of
A) macroeconomics.
B) microeconomics.
C) fiscal policy.
D) monetary policy.
E) national economic policy.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the economic behaviors and decision-making of individuals, households, and firms, while macroeconomics looks at the broader trends and performance of the economy as a whole. Fiscal policy and monetary policy are tools used by governments to influence the economy at the macro level, and national economic policy encompasses all of the various policies and actions taken by a government to manage its economy. However, the study of an individual's economic decisions would fall under the realm of microeconomics.

The Study of an Individual's Economic Decisions Would Be an Example