Q38
Which of the following is Microeconomics concerned with?
A.
The size of national output
B.
The level of employment
C.
Changes in general level of prices
D.
None of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decision makers, how their choices are coordinated by markets, and how prices and demand are determined in individual markets.