Microeconomics deals with the analysis of all the following questions except how:
A) the wages of carpenters are determined.
B) high did unemployment rise during the Great Depression.
C) does Ford decide how to price its cars.
D) does a college student decide how to spend her income.

Question

Quizplus · Accepted Answer

Microeconomics deals with individual markets and how they function, such as determining wages for carpenters or how a company like Ford sets its prices. It also analyzes how individuals make decisions regarding their own consumption and production, such as a college student deciding how to spend their income. However, macroeconomics is the branch of economics that deals with overall economic conditions, such as unemployment rates during the Great Depression.

Microeconomics Deals with the Analysis of All the Following Questions