Microeconomics Quiz

Building macroeconomic theories upon microfoundations

Analyzing the sum total of economic activity

Dealing with national policies related to growth, inflation, and unemployment

Studying individual markets, sectors, or industries (correct)

Analyze market mechanisms for establishing relative prices and allocating resources (correct)

Building macroeconomic theories upon microfoundations

Analyzing the sum total of economic activity

Dealing with national policies related to growth, inflation, and unemployment

Effects of economic policies on microeconomic behavior

Analyzing market failure

Dealing with national policies related to growth, inflation, and unemployment

Conditions under which free markets lead to desirable allocations (correct)

<p>Sum total of economic activity and national policies</p> Signup and view all the answers

<p>Microfoundations based on basic assumptions about micro-level behavior</p> Signup and view all the answers