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The form of economics most relevant to managerial decision-making within the firm is:

a) macroeconomics.

b) welfare economics.

c) free-enterprise economics.

d) microeconomics.

e) none of the above.

 

 

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Chika Ilonah
Chika IlonahLv10
2 Nov 2020
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Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
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ISBN: 9781947172388
Principles of Microeconomics
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ISBN: 9781947172340

Related questions

5) 5) The branch of economics that studies the economy as a whole is called A) normative economics. B) macroeconomics. C positive economics. D) Keynesian economics. E) microeconomics.

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.

The study of how the allocation of resources affects economic well-being is called
a. consumer economics.
b. macroeconomics.
c. willingness-to-pay economics.
d. welfare economics.

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