Question

Which of the following is a microeconomic activity? A. general price level B. Government budget C. Car industry D. Foreign exchange rate

Answer 1

Answer:

A

Explanation:

Answer 2

In this case,the answer would be option C. in the answer or options list or Car industry.

Explanation:

• Microeconomics basically focuses or emphasizes on the narrower,smaller or specific aspects and components of the economy.
• It does not measure or analyze the broader or aggregate components of the economy but only concentrates on singular or particular economic phenomenon such as individual consumers,individual or particular goods or services,specific or individual industries,operational aspects of individual firms or companies and so on.
• In this regard,out of the options mentioned in the answer choices,only car industry represents a specific or individual industry pertaining to a particular or individual product or commodity which is car in this case.Note that all the other options presented in the list are the aggregate or broader aspects of the economy.Hence,the correct answer in this case would be car industry.