Which of the following can best be characterized as a subject of microeconomics? An examination of a country's imports and exports An examination of how much of a particular good gets produced An examination of an economy's overall level of production An examination of inflation

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Business

Clarissa Hawkins

13 July, 08:22

Which of the following can best be characterized as a subject of microeconomics? An examination of a country's imports and exports An examination of how much of a particular good gets produced An examination of an economy's overall level of production An examination of inflation

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Answers (1)

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Smith · Answer 1

The answer is: An examination of how much of a particular good gets produced.

Explanation:

Microeconomics studies the market behavior of individual consumers and companies, and their decision making process and allocation of resources.

In order to examine a country's imports, an economy's level of production or its inflation rate, you need to look at the aggregate demand and supply of all consumers and companies in an economy, and Macroeconomics deals with that.