Which of the following is a microeconomic topic?
A) How a trade agreement between the United States and Mexico affects both nations' unemployment rates.
B) Comparing inflation rates across countries.
C) How rent ceilings impact the supply of apartments.
D) How a tax rate increase will impact total production.

Question

Quizplus · Accepted Answer

The topic of rent ceilings impacting the supply of apartments focuses on the behavior and decisions of individual agents in a specific market, which is a key characteristic of microeconomics.

Answer: D
 The effect of a tax rate increase on total production is a macroeconomic topic, as it looks at the aggregate behavior and performance of an entire economy rather than specific market agents.

Which of the Following Is a Microeconomic Topic