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Which of the following is not a microe-conomic subject matter?
- a)The price of mangoes.
- b)The cost of producing a fire truck for the fire department of Delhi, India.
- c)The quantity of mangoes produced for the mangoes market.
- d)The national economy’s annual rate of growth.
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is not a microe-conomic subject matter?a)The pr...
Subject Matter of Microeconomics
Microeconomics is the study of individual economic behavior and decision-making. It focuses on how individuals, households, and firms make decisions about the allocation of resources. The following are some of the subject matters that come under the scope of microeconomics:
- Demand and Supply: Microeconomics studies the behavior of buyers and sellers in the market and how the interaction between them determines the price and quantity of goods and services.
- Production and Costs: Microeconomics also examines how firms produce goods and services and the costs involved in the production process.
- Market Structures: Microeconomics analyzes the different types of market structures, such as perfect competition, monopolistic competition, oligopoly, and monopoly, and their effects on prices and output levels.
- Consumer Behavior: Microeconomics studies the behavior of consumers, their preferences, and the factors that influence their decision-making.
- Factor Markets: Microeconomics also examines the markets for factors of production, such as labor and capital, and how they determine the prices and quantities of these resources.
Answer
Out of the given options, the national economy's annual rate of growth (option D) is not a microeconomic subject matter. It belongs to the field of macroeconomics, which studies the behavior of the whole economy, including issues such as inflation, unemployment, economic growth, and monetary and fiscal policies.
Conclusion
Microeconomics is an essential branch of economics that studies the behavior of individual economic agents and their decision-making. It deals with the allocation of resources at the micro level, such as households, individuals, and firms. In contrast, macroeconomics studies the overall performance of the economy, including issues such as economic growth, inflation, and unemployment.
Microeconomics is the study of individual economic behavior and decision-making. It focuses on how individuals, households, and firms make decisions about the allocation of resources. The following are some of the subject matters that come under the scope of microeconomics:
- Demand and Supply: Microeconomics studies the behavior of buyers and sellers in the market and how the interaction between them determines the price and quantity of goods and services.
- Production and Costs: Microeconomics also examines how firms produce goods and services and the costs involved in the production process.
- Market Structures: Microeconomics analyzes the different types of market structures, such as perfect competition, monopolistic competition, oligopoly, and monopoly, and their effects on prices and output levels.
- Consumer Behavior: Microeconomics studies the behavior of consumers, their preferences, and the factors that influence their decision-making.
- Factor Markets: Microeconomics also examines the markets for factors of production, such as labor and capital, and how they determine the prices and quantities of these resources.
Answer
Out of the given options, the national economy's annual rate of growth (option D) is not a microeconomic subject matter. It belongs to the field of macroeconomics, which studies the behavior of the whole economy, including issues such as inflation, unemployment, economic growth, and monetary and fiscal policies.
Conclusion
Microeconomics is an essential branch of economics that studies the behavior of individual economic agents and their decision-making. It deals with the allocation of resources at the micro level, such as households, individuals, and firms. In contrast, macroeconomics studies the overall performance of the economy, including issues such as economic growth, inflation, and unemployment.
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Which of the following is not a microe-conomic subject matter?a)The pr...
It's Answer is D option because micro means "small", microeconomics deals with the individual part of an economy not for the whole economy.
The National Economy is the subject matter of Macroeconomics.
The National Economy is the subject matter of Macroeconomics.
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Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer?.
Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a microe-conomic subject matter?a)The price of mangoes.b)The cost of producing a fire truck for the fire department of Delhi, India.c)The quantity of mangoes produced for the mangoes market.d)The national economys annual rate of growth.Correct answer is option 'D'. Can you explain this answer?.
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