Which question is an illustration of a microeconomic question?
A) Is the quantity of wine purchased in one year dependent upon the price of wine?
B) Does government spending influence the total level of employment in the economy?
C) Is the purchasing power of the dollar higher or lower today than it was in 2005?
D) Is capitalism superior to socialism?

Question

Quizplus · Accepted Answer

The question is specifically addressing the relationship between the price of wine and the quantity purchased, which is a classic example of a microeconomic question that deals with individual markets and consumer behavior. The other options are macroeconomic questions, which deal with broader aggregates like employment levels, currency values, or economic systems.

Which Question Is an Illustration of a Microeconomic Question