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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
Development economics
C
Macroeconomics
D
Microeconomics
Verified step by step guidance
1
Step 1: Understand the scope of each area of economics mentioned. International economics studies trade and financial relations between countries.
Step 2: Recognize that Development economics focuses on improving economic conditions in low-income countries, such as poverty reduction and economic growth.
Step 3: Know that Macroeconomics deals with aggregate economic variables like inflation, unemployment, and national income.
Step 4: Identify that Microeconomics studies individual and firm behavior, including decision-making related to consumption, production, and health choices.
Step 5: Since reducing teenage smoking involves individual behavior and choices, it falls under Microeconomics, which analyzes such personal and market-level decisions.