Which of the following would be an illustration of a microeconomic iss

Which of the following would be an illustration of a microeconomic issue affecting U.S. auto manufacturers?

A) An introduction of new, more fuel efficient models by Japanese competitors.
B) A recession in Europe that causes U.S. auto exports to Europe to decline.
C) A decline in the demand for new cars in the U.S. due to an economic downturn.
D) An appreciation of the U.S. dollar relative to the Japanese yen.

ANSWER

A