Which of the following would be a topic emphasized in a microeconomics class?
A)How the government can use fiscal and monetary policies to stabilize the economy.
B)How a nation's GDP is computed.
C)How market conditions determine the price of a specific product.
D)The reasons why the unemployment rate for the economy is rising or falling.

Question

Quizplus · Accepted Answer

Microeconomics is concerned with the behavior of individuals and firms in specific markets, and how market conditions affect the production, pricing, and distribution of goods and services. Therefore, the topic emphasized in a microeconomics class is how market conditions determine the price of a specific product. Options A, B, and D are topics in macroeconomics that focus on the overall performance of the economy as a whole, rather than specific markets.

Which of the Following Would Be a Topic Emphasized in a Microeconomics