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Multiple Choice
Which of the following areas of economics studies issues such as ways to reduce teenage smoking?
A
International economics
B
Macroeconomics
C
Microeconomics
D
Development economics
Verified step by step guidance
1
Step 1: Understand the scope of each area of economics listed. International economics studies trade and financial relations between countries.
Step 2: Recognize that Macroeconomics focuses on aggregate economic variables like GDP, inflation, and unemployment at the national or global level.
Step 3: Note that Development economics deals with improving economic conditions in low-income countries, focusing on growth and poverty reduction.
Step 4: Identify that Microeconomics studies individual and firm behavior, including decision-making processes and how policies affect specific groups or markets.
Step 5: Since reducing teenage smoking involves analyzing individual behavior and policy impacts on a specific group, it falls under Microeconomics.