A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic

Business Dec 10, 2020

A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic. Which of the following topics would you recommend that your friend discuss?

A. the study of how prices are determined in the baseball card industry

B. how unemployment is falling in the national economy

C. what the Federal Reserve will do with interest rates

D. what the next president will do to stimulate the national economy

Expert Solution

Option A. the study of how prices are determined in the baseball card industry is correct.

Microeconomics is associated with firm or industry specific things. Unlike macroeconomics, its scope does not extend to the whole economy.

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