The Basic Difference Between Macroeconomics and Microeconomics Is That

question 79

Multiple Choice

The basic difference between macroeconomics and microeconomics is that

• A) macroeconomics is concerned with the forest (aggregate markets), while microeconomics is concerned with the individual trees (subcomponents).
• B) macroeconomics is concerned with policy decisions, while microeconomics applies only to theory.
• C) microeconomics is concerned with the forest (aggregate markets), while macroeconomics is concerned with the trees (subcomponents).
• D) opportunity cost is applicable to macroeconomics, and the fallacy of composition relates to microeconomics.

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