The basic difference between macroeconomics and microeconomics is that:
a. microeconomics looks at aggregate markets while macroeconomics is concerned with individual markets.
b. macroeconomics is concerned with policy decisions while microeconomics applies only to theory
c. microeconomics is concerned with individual markets while macroeconomics is concerned with aggregate markets.
d. macroeconomics is concerned with positive economics while microeconomics is concerned with normative economics.
c
Economics
You might also like to view...
Suppose a firm has an output of 10,000 cans and a total fixed cost of $2,000 . At an output of 5,000 the difference between the total cost and the total variable cost is:
a. b and c. b. $0.40. c. the average fixed cost. d. $2,000. e. $0.20.
Economics
Economic growth is_____________ improved health conditions in a nation.
A. always needed for B. not necessarily needed for C. always more important than D. negatively related to
Economics