Which of the following is a microeconomic issue?
A)Why has economic growth been rapid in China?
B)Why has unemployment risen nationwide?
C)Why is the average income lower in Africa than in Latin America?
D)Why did overall production increase in Australia last year?
E)What is the impact on the quantity of Pepsi purchased if consumers' tastes change in favour of non-carbonated drinks?

Question

Quizplus · Accepted Answer

Microeconomics deals with individual consumer and firm behavior and how they interact in markets. The impact of changing consumer preferences on the quantity of Pepsi purchased would fall under this category. The other options are macroeconomic issues that deal with broader economic phenomena such as national economic growth, unemployment, and overall production.

Which of the Following Is a Microeconomic Issue