Microeconomics only looks at the behavior of one consumer or one firm in a market, while macroeconomics looks at the behavior of an entire industry or group of consumers
Indicate whether the statement is true or false
F
Economics
You might also like to view...
When GDP is less than total spending, GDP will fall
a. True b. False Indicate whether the statement is true or false
Economics
A monopoly sells 5 units of output at $20. If the MR of the 6th unit is $14, then the price of the 6th unit is
A) also $14. B) $17. C) greater than $20. D) $19.
Economics