### Microeconomics Quiz Question**Question:**Which of the following is Microeconomics concerned with?**Options:**- **A.** The size of national output- **B.** The level of employment- **C.** Changes in general level of prices- **D.** None of the above**Explanation:**Microeconomics focuses on individual and business-level economics, such as consumer behavior, individual markets, and how different sectors respond to changes in resource allocation, while macroeconomic topics are typically broader, like national output, employment levels, and price changes at a national scale. Understanding this distinction helps clarify why none of the above options directly relate to microeconomics within the context of the broader economy.

Microeconomics is that which relatively deals with the single unit of the individual behaviour and…

Answered: Which of the following is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Microeconomics is a brach of economics that studies: a. The determination of national income b. The behaviour of individual decision-making units in the economy c. The effects and consequences of the aggregate behaviour of all decision-making units d. The impact of unemployment in South Africa
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Which of the following is Microeconomics concerned with? А. The size of national output В. The level of employment С. c. Changes in general level of prices D. None of the above