Question

Ali works for a large automobile company studying how changes in gas prices affect what size cars people buy Ali's field is most likely 

Multiple Choice 

• macroeconomics 

• microeconomics 

• economic theory 

• finance

Answer 1

Correct Answer:

Option (1) Macroeconomics is the correct answer because under the macro economics which studies as an economy as a whole and not at individual level. They study the behavior and performance of the economy as whole.Due to changes in the gas prices will not affect on the single car buyer, but also on all the people who are buying the car. So it mostly studies in the macro economics.

Incorrect Answers:

Option (2) Microeconomics is an incorrect answer because changes in the gas prices will not affect the single car buyer, but it will affect the all people who are interested to buy the car. So it is not concerned with micro economics, but it is concened with the macro economics.

Option (3) econimic theory is an incorrect answer because the changes in the gas prices is not related to any econimic theory, but it concened with the macro economics.

Option (4) finance,is an incorrect answer because as charges with gas prices has a no relation with finance. But it studies under the macro economics theory.

So correct answer is an option (1) Macroeconomics.