The Study of Microeconomics and Macroeconomics Differs in That

question 27

Multiple Choice

The study of microeconomics and macroeconomics differs in that:

• A)microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy.
• B)microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy.
• C)microeconomics studies the actions of households and macroeconomics studies the actions of business firms.
• D)microeconomics studies the economy in terms of private individuals and firms while macroeconomics includes the effect of government.
• E)microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.

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