Practice mode Application of Economics

Which of these issues falls within the field of microeconomics?

Correct answer C. The impact of oil prices on car production

Explanation

Microeconomics studies individual markets, firms and households, so the effect of oil prices on a single industry such as car production is a microeconomic question.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.