Which of the following is a microeconomic issue?
A) Why has unemployment risen nationwide?
B) Why has economic growth been rapid in China?
C) What is the impact on the quantity of Pepsi purchased if consumers' tastes change in favor of non-carbonated drinks?
D) Why is the average income lower in Africa than in Latin America?
E) Why did overall production increase within the United States last year?

Question

Quizplus · Accepted Answer

The impact on the quantity of Pepsi purchased due to a change in consumer tastes is a microeconomic issue as it pertains to the behavior of individual consumers and individual markets. The other options are macroeconomic issues as they involve larger scale economic concerns such as unemployment rates, economic growth, and overall production levels.

Which of the Following Is a Microeconomic Issue