Machine-translated by Google. Questions are authored in English.
Top

Discussion

Branch of economics which examines the factors that influence individual economic choices and how markets coordinate the choices of various decision makers is:

  • A.Public economics
  • B.Microeconomics
  • C.Economics of development
  • D.Macroeconomics

Answer: B

Microeconomics studies the choices of individual consumers, firms and workers, and how markets coordinate those choices through prices. Macroeconomics deals with aggregates such as national income and employment, public economics with the government's role in the economy, and development economics with growth in poor countries. The answer is microeconomics, option B. The branch looks at demand, supply, cost and market structure, mostly in individual markets.

No comment is present. Be the first to comment.
Loading…

Post your comment

Please log in or register to post a comment.