Q
Which of the below statement is correct?
A. Microeconomics is primarily concerned with the overall economy.
B. Individual markets are the focus of macroeconomics.
C. Governments do not have any control over market prices.
D. When economists study a market`s price, their main goal is to figure out why the price is what it is and how it might change.
Correct Answer:
D
Explanation:
Microeconomics studies individual markets; macroeconomics studies overall economy. Statement D correctly describes the focus of economists.