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) the establishing of an overall view of the operation of the economic system.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision-making of individual economic units, such as consumers, firms, and industries. It studies how these units interact in markets to determine the allocation of scarce resources. It does not address aggregate or total levels of income, employment, and output, nor does it establish an overall view of the operation of the economic system.

Microeconomics Is Concerned With