Which question is the MOST appropriate to the study of MICROECONOMICS?
A) How does the aggregate price level affect consumer spending?
B) How does the level of interest rates affect investment spending?
C) How much will Sony charge for the new game system to be introduced later this year?
D) How does the GDP affect overall government spending?

Question

Quizplus · Accepted Answer

Microeconomics deals with individual firms and markets, so the pricing decisions of a single company (Sony in this case) would fall under the domain of microeconomics. The other options deal with macroeconomic factors such as aggregate price levels, interest rates, and GDP, and therefore are not as appropriate for the study of microeconomics.

Which Question Is the MOST Appropriate to the Study of MICROECONOMICS