Which of the Following Would Not Be Studied in Microeconomics

question 44

Multiple Choice

Which of the following would not be studied in microeconomics?

• A)How individual firms decide how much to produce.
• B)Whether to study or watch TV tonight.
• C)How an early freeze in California will affect the price of fruit.
• D)Whether the federal budget should be balanceD.The federal budget is a topic related to the performance of the national economy, and therefore is a macroeconomic topic.The other issues relate to individual choices and individual markets, and so are microeconomic topics.

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Definitions:

Amu

Atomic Mass Unit, a unit of mass used to express atomic and molecular weights, equivalent to one twelfth of the mass of a carbon-12 atom.

Valence Shells

The outermost shell of electrons in an atom, which determines how the atom interacts chemically with other atoms.

Electrical Charge

A physical property of matter that causes it to experience a force when placed in an electromagnetic field, typically measured in coulombs.

Neutrons

Subatomic particles found in the nucleus of an atom, having no electric charge and a mass slightly greater than that of protons.