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Questions and Answers
What does Micro Economics explain?
What does Micro Economics explain?
- Determination of aggregate volume of output
- Determination of national income
- Determination of price of a good and factors of production (correct)
- Determination of general price level
What is the focus of Micro Economics?
What is the focus of Micro Economics?
- Study of individual prices and wages (correct)
- Study of general price level
- Study of national income
- Study of aggregate volume of output
What is the significance of Macro Economics?
What is the significance of Macro Economics?
- Understanding the operations of economy
- Understanding the working of an economy (correct)
- Managerial economics
- Economic welfare of people
What does Macro Economics deal with?
What does Macro Economics deal with?
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Which theory is Micro Economics also known as?
Which theory is Micro Economics also known as?
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