Author Question: The study of microeconomics and macroeconomics differ in that: a. microeconomics is concerned with ... (Read 123 times)

jerry coleman · **on:** Jun 30, 2018

The study of microeconomics and macroeconomics differ in that:
a. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy.
b. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy.
c. microeconomics studies the actions of households and macroeconomics studies the actions of business firms.
d. microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.

Question 2

Which of the following would be of particular interest to a microeconomist?
a. The price of fruit the typical household consumes.
b. The nation's inflation rate.
c. The nation's rate of unemployment.
d. The budget of the national government.
e. The growth of the economy.