Which of the following is a microeconomic issue?
A)Growth in the U.S. economy slowed.
B)Increased federal government expenditures have lowered the unemployment rate.
C)The inflation rate fell this year.
D)The U.S. government cuts taxes to combat a recession.
E)The quantity of wheat grown in the United States increases this year.

Question

Quizplus · Accepted Answer

Microeconomics focuses on individual markets and the behavior of consumers and firms. The quantity of wheat grown is a specific market issue, making it a microeconomic topic.

Which of the Following Is a Microeconomic Issue