This topic contains a solution. Click here to go to the answer

Author Question: The study of microeconomics and macroeconomics differ in that: a. microeconomics is concerned with ... (Read 177 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Answer to Question 1

b

Answer to Question 2

a




jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
:D TYSM


jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library