In deciding the number of guitars to buy for his shop before the Christmas season, Mark is making a(n) __________________ decision.

Question

Quizplus · Accepted Answer

Mark's decision to buy guitars for his shop is a microeconomic decision, as it involves the specific actions of an individual (Mark) rather than the larger economic system as a whole. Microeconomics focuses on the behavior of individual agents and markets, such as businesses and consumers, while macroeconomics deals with larger economic systems and trends. Therefore, option A is the best answer.

In Deciding the Number of Guitars to Buy for His