Which of the following are likely to be studied in a microeconomics course?
A)choices made by individual consumers
B)the production decisions made by individual firms
C)how the economy's total output is measured
D)how an increase in government spending affects the level of unemployment
E)Both choices made by individual consumers and production decisions made by individual firms are likely to be studied in a microeconomics course.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic behavior, such as the choices made by individual consumers and the production decisions made by individual firms. Therefore, both choices A and B are likely to be studied in a microeconomics course. Choice C is more relevant to macroeconomics, which is the study of the economy as a whole, while choice D involves the interaction between the government and the economy, which is also more relevant to macroeconomics.

Which of the Following Are Likely to Be Studied in a Microeconomics