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Question

____________ is one of the concerns of microeconomics.

A
Rate of inflation
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B
Consumer choices
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C
Rates of unemployment
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D
Population growth
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Solution

The correct option is C Consumer choices
Microeconomics
  • Micro in Greek means 'small'.
  • It is that part of economics which deals with the individual units of the economy and aims to know their consumer choices and preferences.
  • It takes into account the demand and supply of individual units.
All the other options are the concerns of macroeconomics.

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