Microeconomics is concerned with
A) the aggregate or total levels of income, employment, and output.
B) a detailed examination of specific economic units that make up the economic system.
C) positive economics, but not normative economics.
D) establishing an overall view of the operation of the economic system.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the analysis of specific economic units such as individual consumers, firms, and markets rather than the aggregate level of the economy.

Microeconomics Is Concerned with