Which of the following is a microeconomic statement?
A) Interest rates in Canada are directly linked to interest rates in the United States.
B) The Competition Bureau accuses oil companies of illegally fixing gas prices.
C) The government negotiated a trade agreement with the European Union.
D) The unemployment rate increased by 1.5% this year.
E) National output fell by 1% last year.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual markets and firms. The statement about the Competition Bureau and oil companies involves market behavior and firm actions, which are microeconomic topics.

Which of the Following Is a Microeconomic Statement