The study of the choices of one individual or business is called
A) macroeconomics.
B) microeconomics.
C) scarcity.
D) finance.
E) ceteris paribus.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the individual choices of consumers, businesses, and workers, whereas macroeconomics looks at the economy as a whole. Since the question specifically asks about the choices of one individual or business, the correct answer is microeconomics (choice B).

The Study of the Choices of One Individual or Business