Which Statement Regarding Macroeconomics and Microeconomics Is TRUE

question 320

Multiple Choice

Which statement regarding macroeconomics and microeconomics is TRUE?

• A) Microeconomics examines consumer behavior, while macroeconomics studies business behavior.
• B) Macroeconomics employs many of the same analytical tools as microeconomics.
• C) Because it focuses on national economies, macroeconomics does not study international trade and finance.
• D) Neither macroeconomics nor microeconomics is concerned with prices.

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Definitions:

Z-Scores

Standardized scores that indicate how many standard deviations an element is from the mean of its data set.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set depart from the mean.

Z-Scores

Standardized scores that indicate by how many standard deviations an element is from the mean.

Z-Score

Another term for standard score, indicating the number of standard deviations a data point is from the mean of its distribution.