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Homework answers / question archive / Which of the following best describes a microeconomic question? a) What is the value of the U

Which of the following best describes a microeconomic question? a) What is the value of the U

Economics

Which of the following best describes a microeconomic question?

a) What is the value of the U.S. dollar in terms of other foreign currencies?

b) Should a particular firm enter a market?

c) Is the company of Japan in a recession?

d) What is the value of the goods and services that the United States produces every year?

e) What is the aggregate price level in an economy?

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Which of the following best describes a microeconomic question? b) Should a particular firm enter a market?

This is microeconomic because it pertains to just one firm and one industry. The other choices are all questions about the economy as a whole, so they are macroeconomic.

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