Which of the following is a microeconomic topic?

Question

BlackTom AI · Accepted Answer

To determine which option is a microeconomic topic, we must consider the level at which the economic activity is analyzed.
Option 1: 'the reasons why Kathy buys less orange juice' focuses on a single consumer's behavior and decision-making, which is the core of microeconomics as it studies individual choices and demand.
Option 2: 'the reasons for a decline in inflation rate' deals with the aggregate level of prices across the whole economy and how the overall price level changes, a classic macroeconomic concern.
Option 3: 'the cause of why total employment may decrease' looks at employment across the entire economy, another macroeconomic issue that concerns aggregate labor market conditions rather than individual choices.
Option 4: 'the effect of the government budget deficit on inflation' examines how fiscal policy and deficits influence inflation at the economy-wide level, which is a macroeconomic topic.
In short, microeconomics concentrates on individuals, firms, and specific markets, whereas macroeconomics addresses broad indicators like inflation and unemployment across the entire economy.

Which of the following is a microeconomic topic?

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类似问题

Read the following statements and determine whether they are true or false. 1: Microeconomics is the study of the allocation of scarce resources. 2: Market is an exchange mechanism that allows buyers to trade with sellers.

Which discipline studies the decision-making process of customers, workers, households, and business firms on an individual basis rather than as aggregates? BlackTom题目解析

Microeconomics builds an understanding of:

Microeconomics is:

Macroeconomic topics do not usually include:

A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic. Which of the following topics would you recommend that your friend discuss?

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Which of the following is a microeconomic topic?

查看解析

登录即可查看完整答案

类似问题

Read the following statements and determine whether they are true or false. 1: Microeconomics is the study of the allocation of scarce resources. ____ 2: Market is an exchange mechanism that allows buyers to trade with sellers. ____

Which discipline studies the decision-making process of customers, workers, households, and business firms on an individual basis rather than as aggregates? BlackTom题目解析

Microeconomics builds an understanding of:

Microeconomics is:

Macroeconomic topics do not usually include:

A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic. Which of the following topics would you recommend that your friend discuss?

更多留学生实用工具

希望你的学习变得更简单

Read the following statements and determine whether they are true or false. 1: Microeconomics is the study of the allocation of scarce resources. 2: Market is an exchange mechanism that allows buyers to trade with sellers.