Distinguish between microeconomics and macroeconomics
Please provide the best answer for the statement.
Microeconomics deals with individual economic units such as industries, firms, households, and with individual markets, particular prices, and specific goods and services. Macroeconomics, on the other hand, deals with the performance and behavior of the economy as a whole, including such major aggregates as the household, business, and governmental sectors and with totals for the economy.
You might also like to view...
Refer to Figure 4.7. Which of the following are possible payoffs for this game?
A) 0 points B) +5 points C) -5 points D) All of the above are possible payoffs.
The textbook suggests that rent controls
A) actually contribute to the housing boom in an area where they are applied. B) actually contribute to the housing shortage in the area where they are applied. C) are used in a government kickback scheme. D) have no effect on the local housing market.