Define microeconomics. What will be an ideal ...

[nramada]

Define microeconomics.
 
  What will be an ideal response?

Question 2

All of the following are part of the taxes provision of the Patient Protection and Affordable Care Act (ACA) except
 
  A) investors earning more than 200,000 pay a new tax on their investment income.
  B) workers earning more than 200,000 pay higher Medicare payroll taxes.
  C) beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
  D) pharmaceutical firms and health insurance firms pay new taxes.

[sultansheikh]

Answer to Question 1

Microeconomics is the study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices.

Answer to Question 2

C