Question

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 industryB) how unemployment is falling in the national economyC) what the Federal Reserve will do with interest ratesD) what the next president will do to stimulate the national economy

Answer 1

The answer is: A) the study of how prices are determined in the baseball card industry

Step-by-step explanation:

Microeconomics is concerned with single factors (individuals or an specific company or industry) and the effects of their decisions and allocation of resources. The baseball card industry and their pricing methods enter into this category.

While the country´s unemployment rate, or the Fed´s interest rate, or national politics affect the whole economy, so they part of Macroeconomics.