Microeconomics is the study of how individuals and firms make decisions in specific markets, whereas macroeconomics...

Microeconomics is the study of how individuals and firms make decisions in specific markets, whereas macroeconomics is the study of the economy as a whole. Which of the answer choices is a topic in microeconomics?

A. The factors influencing the rate of growth of U.S. gross domestic product.

B. The effect of a tax on the production of coal in Philippi, West Virginia.

C. The impact of the wars in Iraq and Afghanistan on U.S. government spending.

D. The degree to which monetary policy influences the unemployment rate in the U.S.

Expert Solution

Option A is related to macroeconomics because GDP growth occurs for a economy as a whole.

Option B is related to microeconomics because it is related to specfic segment of a market or individual firm..

Option C is related to macroeconomics because change in governemnt spending is related to economy as a whole

Option D is related to macroeconomics because change in monetary policy is applied to the whole economy.

Rahul Sunny answered 2 years ago

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Microeconomics is the study of how individuals and firms make decisions in specific markets, whereas macroeconomics...

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