Introduction to Economics 1 Deneme Sınavı Sorusu #561240

I. Which car brand to buy. II. How to reduce inflationIII. How many workers to hire. IV. Where to spend this summer holiday. V. How much to spend on advertisementWhich of the above decisions are considered as the subject matter of microeconomics?


I and IV

I, II, and III

I, III, and V

I, III, IV, and V

II, III, IV, and V


Yanıt Açıklaması:

Microeconomics is the sub-field of economics that studies the behavior and decisions of the smallest decision units such as individuals or households and firms. On the other hand, Macroeconomics is the study how a country’s economy as a whole works, and it pays special attention to the effects of various policies pursued by the government. Thus, decisions about purchasing which car (cheap or expensive) and going on a holiday (abroad or in the country) by a household, and decisions about employment and advertisement expenses by a company are the subject matters of microeconomics. On the contrary, how to control inflation is the study area of macroeconomics. The correct answer is D.

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