Which of the following is most likely a topic of discussion in a microeconomics course?
A)a decrease in the share of national income paid to the government in taxes
B)an increase in the price of lumber used to construct houses
C)an increase in the rate of inflation
D)an increase in the number of jobless individuals filing unemployment claims
E)the size of the national debt

Question

Quizplus · Accepted Answer

Microeconomics deals with the study of individual economic units like households, firms, and markets. An increase in the price of a specific input, like lumber used for construction, falls under the domain of microeconomics. The other options like national income, inflation rate, unemployment, and national debt fall under macroeconomics, the study of the economy as a whole.

Which of the Following Is Most Likely a Topic of Discussion