Which of the following is a microeconomic topic? i. K-Mart's decision to close stores that are not making a profit.
Ii) Bunning's choice to hire more full-time employees because its sales increased.
Iii) Virgin Airlines changes its fares.
A) i only
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i and ii only

Question

Quizplus · Accepted Answer

Microeconomics focuses on the actions of individuals and industries, like the behavior of businesses and consumers. All three options (i, ii, iii) involve decisions made by individual companies, which are microeconomic topics.

Which of the Following Is a Microeconomic Topic? I