Question

______ is a branch of economics that studies the economic variables at an individual level. 

Options

• Microeconomics

• Macroeconomics

• Both microeconomics and macroeconomics

• None of the above

Answer 1

Microeconomics is a branch of economics that studies the economic variables at an individual level. 

Explanation:

It is an economics field that investigates economic factors at the personal level, such as households, enterprises, and consumers. It is concerned with how customers or producers make decisions based on their budget and other factors.