Microeconomics is concerned with:

A. the aggregate or total levels of income, employment, and output.
B. a detailed examination of specific economic units that make up the economic system.
C. positive economics, but not normative economics.
D. the establishing of an overall view of the operation of the economic system.

Answer: A

Economics

You might also like to view...

If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry

a. True b. False

Economics

What are economies of scale? What are diseconomies of scale?

What will be an ideal response?

Economics