Question

A friend of yours have 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?

Answer 1

Microeconomics is the study of the individual units that make up the economy, such as households and businesses. The baseball card industry is a specific industry, so this is microeconomics. The other three topics involve broader workings of the economy, and are macroeconomics