Macroeconomics Quiz

Analyzing individual unit decisions

Understanding international trade dynamics

Studying the structure and performance of national economies (correct)

Exploring the behavior of small-scale economies

Why does the cost of living keep rising? (correct)

How do individuals make consumption choices?

What determines the price of a specific product?

Why do firms maximize profits?

There is no distinction between microeconomics and macroeconomics

Both microeconomics and macroeconomics study the same economic phenomena

Microeconomics focuses on individual unit decisions, while macroeconomics studies entire economies (correct)

Microeconomics studies the behavior of entire economies, while macroeconomics focuses on individual unit decisions

<p>Decisions of individual units</p> Signup and view all the answers

<p>Causes of recessions</p> Signup and view all the answers