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Author Question: How does the study of microeconomics differ from that of macroeconomics? Give one example each of an ... (Read 117 times)

LCritchfi

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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
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ricroger

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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


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LCritchfi

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Reply #2 on: Jun 29, 2018
Thank you


ricroger

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Reply #3 on: Jun 29, 2018
No problemo


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