Microeconomics approaches the study of economics from the viewpoint of:
A) individual or specific markets.
B) the national economy.
C) government units.
D) economywide markets.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual or specific markets, such as the market for a particular good or service, and analyzes how individual economic agents, like consumers and firms, make decisions within those markets. It is concerned with the behavior of individual economic units rather than the overall performance of the entire economy.

Microeconomics Approaches the Study of Economics from the Viewpoint Of