The branch of economics that focuses on the choices made by households and firms, and the effects that those choices have on particular markets, is
A) aggregate economics
B) expenditure economics
C) macroeconomics
D) microeconomics

Question

Quizplus · Accepted Answer

Microeconomics is the branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. It studies various aspects of economic and financial behavior, delving into the ways in which individuals (or companies) reach decisions about what to sell, what to buy, how much to work, and how much to save.

The Branch of Economics That Focuses on the Choices Made