Microeconomics is concerned with the:
A)total levels of income, employment, and output
B)behaviour of individual participants in various markets
C)causes of inflation and unemployment
D)overall view of the operation of the economic system
E)way governments can stabilize the economy

Question

Quizplus · Accepted Answer

Microeconomics is concerned with the behavior of individual participants in various markets, including consumers, producers and resource owners. It focuses on the decisions made by these individuals and how they interact in specific markets.

The other choices are more closely related to macroeconomics, which examines the overall workings of the economy as a whole, including issues like inflation, unemployment, government policy, and total levels of income and output.

Microeconomics Is Concerned with The