The GMC manager who evaluates truck models made by his competition, consumer demand for different sizes of trucks, labour and material costs to build trucks, and current prices of all trucks would be taking which of the following perspectives?
A) microeconomics
B) individual economics
C) aggregated economics
D) macroeconomics

Question

Quizplus · Accepted Answer

The GMC manager is focusing on specific elements such as competition, consumer demand, and costs related to building trucks, which are all aspects of microeconomics. Microeconomics studies the behavior of individuals and firms in making decisions regarding the allocation of resources.

The GMC Manager Who Evaluates Truck Models Made by His