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Questions and Answers
What does microeconomics analyze?
What does microeconomics analyze?
- Public policies
- Individual agents and markets (correct)
- Economic growth
- Currency inflation
What does macroeconomics focus on?
What does macroeconomics focus on?
- Buyers and sellers
- Employment of resources of labour, capital, and land (correct)
- Households and firms
- Individual agents and markets
What are the basic elements in the economy according to microeconomics?
What are the basic elements in the economy according to microeconomics?
- Employment of resources of labour, capital, and land
- Saving and investment
- Individual agents and markets (correct)
- Currency inflation and economic growth
What are some of the factors affecting the economy as analyzed by macroeconomics?
What are some of the factors affecting the economy as analyzed by macroeconomics?
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