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Microeconomics deals with:

a) the working of the entire economy or large sectors ofit.
b) economic growth.
c) individual decision makers in the economy.
d) gross domestic product.

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Insha Fatima
Insha FatimaLv10
21 Sep 2020
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Related questions

What is the difference between microeconomics and macroeconomics?

a. Macroeconomics deals with abstract economic theories, while microeconomics applies those theories to the real world.

b. Microeconomics looks at economic systems in a vacuum, while macroeconomics looks at how those systems interact with one another.

c. Microeconomics deals with economics on the level of individuals or businesses, while macroeconomics deals with economics on the level of states or countries.

d. Macroeconomics looks at the history of economics, while microeconomics is concerned with the present and the future.

Gross domestic product tracks economic growth by measuring all goods and services:

A. exported by an economy
B. produced by an economy
C. imported by an economy
D. purchased by an economy

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.

Ā 

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