Which is the BEST example of a microeconomic issue?
A) whether the Federal Reserve will raise interest rate this week
B) whether the unemployment rate will exceed 6% this month
C) whether the country's price level has increased last quarter
D) whether the production of automobiles decreased last year

Question

Quizplus · Accepted Answer

The production of automobiles decreasing is an example of a microeconomic issue because it pertains to the specific industry and its impact on individual firms and consumers, rather than larger macroeconomic factors such as interest rates, unemployment rates, and price levels.

Which Is the BEST Example of a Microeconomic Issue