Which of the following is a microeconomic topic?
A) The reasons why Kathy buys less orange juice.
B) The reasons for a decline in average prices.
C) The reasons why total employment decreases.
D) The effect of the government budget deficit on inflation.

Question

Quizplus · Accepted Answer

The reasons why Kathy buys less orange juice is a microeconomic topic because it focuses on the individual decision-making process with regards to the consumption of a specific good, rather than broader economic trends or outcomes.

Which of the Following Is a Microeconomic Topic