Questions
MUF0061 Economics Unit 1 - Semester 2, 2025
Single choice
Microeconomics is:
Options
A.a. the branch of economics that studies international poverty.
B.b. the branch of economics that studies decision-making for the economy as a whole.
C.c. the branch of economics that studies trading relationships.
D.d. the branch of economics that studies decision-making by individuals, households, and firms in a specific industry sector or market.
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Step-by-Step Analysis
To begin evaluating the options, we first recall what microeconomics focuses on as a field.
Option a suggests microeconomics studies international poverty. While poverty can be analyzed within microeconomics, this is not the primary scope of microeconomics; it is more closely associated with macroeconomics or development economics, which examine broad issues affecti......Login to view full explanationLog in for full answers
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