Macroeconomics Is Concerned with the Behavior of All of the Firms

question 10

True/False

Macroeconomics is concerned with the behavior of all of the firms in a particular industry,while microeconomics focuses on a single firm in the same industry.

---

Definitions:

Complete Set

An all-inclusive collection of items that together form a whole or are required to complete a task.

Products and Services

The items and assistance a business offers to meet the needs and desires of consumers.

Voluntary Marketing Exchange

Transactions where both the buyer and seller willingly engage in the trade of goods or services, each expecting to benefit from the exchange.

Product

Any item or service offered by a firm that meets a need or desire of consumers.