Which of the following is a microeconomic statement?
A) Tariff barriers hurt all Canadians.
B) Inflation will remain low for the next two years.
C) Inflation and unemployment will remain low for the next two years.
D) Increased gasoline prices have raised taxi fares by 10%.
E) National output remained constant last year.

Question

Quizplus · Accepted Answer

This statement relates to the specific impact of increased gasoline prices on taxi fares, and is therefore a microeconomic statement.

Which of the Following Is a Microeconomic Statement