Microeconomics is the study of
A)how households and firms make choices.
B)the economy as a whole.
C)the global economy.
D)topics such as unemployment, inflation, and economic growth.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the decisions made by individual households and firms, such as pricing, production, and consumption choices. It does not address the economy as a whole (macroeconomics) or global economies. Topics like unemployment, inflation, and economic growth are more macroeconomic in nature.

Microeconomics Is the Study of