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Economics
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5. Microeconomics is best described as the study of:

A) the choices made by individual households, firms, and governments.

B) inflation, unemployment, gross national product, and the nation's economy as a whole.

C) how markets interact in the aggregate economy.

D) marginal changes in the economy.

 

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Chika Ilonah
Chika IlonahLv10
12 Jan 2021
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Related questions

Macroeconomics is best defined by which of the following statements?

A. Macroeconomics is the study of how the prices of individual goods are determined.
B. Macroeconomics is the study of how firms attempt to maximize profits.
C. Macroeconomics is the study of the behavior of the economy as a whole.
D. Macroeconomics is the study of individual households.

 

Which of the following areas of study typifies macroeconomics as opposed to microeconomics?

a. The effects of rent control on the availability of housing in New York City.

b. The economic impact of tornadoes on cities and towns in Oklahoma.

d. How tariffs on shoes affect the shoe industry.

d. The effect on the economy of changes in the nation's unemployment rate.

2) Complete the following sentence. Macroeconomics A) is primarily concerned with the operation of individual markets in the economy. B) deals mainly with the economic behaviour of households. C) is the only part of economics to deal with government decisions. D) is the study of the national economy and the global economy. E) is primarily concerned with the behaviour of the stock market.

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