Which of the following would most likely be part of the study of microeconomics?
A) how General Motors makes decisions regarding its production goals
B) national income
C) the total economic output of our domestic economy
D) overall price stability in the United States

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual decision-making units, such as firms and households, and how they allocate resources. The study of General Motors' production decision-making fits within the scope of microeconomics.

Option B is related to macroeconomics, as it deals with the overall measurement of a nation's economy.

Option C also belongs to macroeconomics, as it concerns the country's overall economic output.

Option D is related to macroeconomics, as it deals with the stability of prices across the entire economy.

Which of the Following Would Most Likely Be Part of the Study