Which of the following can be analyzed using microeconomic models?
A) economic growth
B) a country's international trade pattern
C) a firm's output level decision
D) determinants of money supply

Question

Quizplus · Accepted Answer

Microeconomic models are used to analyze the behavior of individual firms, households, and markets. The firm's output level decision falls under the category of individual firm behavior and can be analyzed using microeconomic models. The other options are macroeconomic issues and require macroeconomic models for analysis.

Which of the Following Can Be Analyzed Using Microeconomic Models