Microeconomics is the study of
A) aggregate measures of the economy.
B) economic issues for an entire region.
C) federal budget details.
D) individual decision making.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual decision making, such as how consumers make choices, how firms operate, and how markets allocate resources. It is concerned with the behavior of individuals and small groups within the economy, rather than the economy as a whole (which is the domain of macroeconomics).

Microeconomics Is the Study of