« previous next »

Author Question: How does the study of microeconomics differ from that of macroeconomics? Give one example each of an ... (Read 79 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
How does the study of microeconomics differ from that of macroeconomics? Give one example each of an issue studied in microeconomics and in macroeconomics.
 
  What will be an ideal response?

Question 2

Economists who support market-based reforms for health care believe that increased competition among providers of health care would ________ costs and ________ economic efficiency.
 
  A) increase; increase B) decrease; increase C) increase; decrease D) decrease; decrease
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


ricroger

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

Microeconomics is the study of how household and businesses make choices, how they interact in markets, and how the government attempts to influence their choices while macroeconomics is the study of the economy as a whole, including topics like unemployment, inflation and economic growth. (Students will give many different examples.)

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jun 29, 2018
Thank you


ricroger

  • Sr. Member
  • ****
  • Posts: 352
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Your heart beats over 36 million times a year.

Using a microscope to study the human body Using a microscope to study the human body
Biochem study guides Biochem study guides
When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ... When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ...
Study Force Courses Study Force Courses
Macroeconomics, 8th Edition Macroeconomics, 8th Edition
Ramey's study, children from poverty-level families IQ experiment Ramey's study, children from poverty-level families IQ experiment
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library