All of the following topics fall within the study of microeconomics except a

Business Dec 27, 2020

All of the following topics fall within the study of microeconomics except

a. the impact of cigarette taxes on the smoking behavior of teenagers.

b. the role of Microsoft's market power in the pricing of software.

c. the effectiveness of antipoverty programs in reducing homelessness.

d. the influence of the government budget deficit on economic growth.

Expert Solution

The correct option is d. the influence of the government budget deficit on economic growth.

Explanation:

Microeconomics is one of the branches of economics that deals with the narrow aspects of a market or an economy. The microeconomic concept may include single market behavior, a single firm's behavior, an individual's behavior, smaller government programs, and so on. Economic growth cannot be explained in microeconomics as it is a broader concept and has various aggregate aspects in it.

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