Celeste is interested in studying the effects that natural disasters have on the value of goods and services in the affected areas.Her area of study should be ________.

Question

Quizplus · Accepted Answer

Microeconomics is concerned with the behavior of individual agents, such as households and firms, in relation to the allocation of resources. Celeste's study focuses on the impact of natural disasters on a specific region or industry, which falls under the scope of microeconomics. Marketing is more concerned with promoting and selling products, while sociology examines social behavior and relationships. Macroecnomics, on the other hand, deals with the overall performance and decision-making of an entire economy, which is not as relevant to this particular study. Sustainability is a broader concept that encompasses environmental, social, and economic factors.

Celeste Is Interested in Studying the Effects That Natural Disasters