All of the following are aspects of microeconomics EXCEPT
A) monopolies.
B) a firm maximizing profit.
C) a worker choosing one job over another.
D) the average level of prices of all goods and services produced in a country in a year.

Question

Quizplus · Accepted Answer

The average level of prices of all goods and services produced in a country in a year is a macroeconomic concept (specifically, it is the measure of inflation). The other options deal with microeconomic concepts such as market structures, individual firm behavior, and consumer decision-making.

All of the Following Are Aspects of Microeconomics EXCEPT