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Which of these is the best description of microeconomics?

A. Study of individuals, households and firms' behavior

B. Study of aggregate production 

C. Study of foreign trade market

D. Study of stock market

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Yusra Anees
Yusra AneesLv10
26 Oct 2020

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Related questions

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.

 

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.

 

Macroeconomics is the study of ________ while microeconomics studies ________.

A) large biological systems; political implications of nanotechnology

B) the overall economic activity and prices; an individual firm, household, or market

C) an individual firm; the overall economic performance of a nation

D) the overall economic performance of the world; the economy of a single country

E) firm behavior; market behavior

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