Podcast
Play an AI-generated podcast conversation about this lesson
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?
Signup and view all the answers
Which theory is Micro Economics also known as?
Which theory is Micro Economics also known as?
Signup and view all the answers
