x
Info
x
Warning
x
Danger
 / 
 / 
 / 
51) Microeconomics focuses on A) individual decision makers within the economy. B)

Question : 51) Microeconomics focuses on A) individual decision makers within the economy. B) : 1912919

51) Microeconomics focuses on

A) individual decision makers within the economy.

B) the large parts of the economy.

C) changes in national income.

D) satisfying the needs of the economy.

52) Macroeconomics is concerned with

A) individual business firms.

B) specific industries.

C) individual consumers.

D) a nation's entire economy.

53) Microeconomics examines the

A) total household expenditures.

B) behavior of the economy as a whole.

C) aggregate business spending.

D) decision making undertaken by individual households.

54) Macroeconomics is concerned with studying the

A) behavior of individual decision makers.

B) behavior of the economy as a whole.

C) prices of specific companies' stocks.

D) wants of individuals.

55) Macroeconomics would be concerned with

A) implications of changes in unemployment and inflation.

B) the effects on individual consumers of changes in the price of gasoline for a business.

C) the effects of a tax on beer.

D) the effects of wage increases on steel manufacturers.

56) The study of an individual's choice about what type of computer to buy is a subject of

A) macroeconomics.

B) microeconomics.

C) an aggregate concept.

D) not a concern for economic analysis.

57) The study of the aggregate economic variables is

A) macroeconomics.

B) microeconomics.

C) positive economics.

D) normative economics.

58) Another word for "aggregate" is

A) government.

B) partial.

C) public.

D) total.

59) The distinction between microeconomics and macroeconomics is

A) clearly drawn, and there is no overlap between them.

B) determined by economists in a clear and concise manner.

C) narrowly drawn, and microeconomic analysis often relies on macroeconomic tools.

D) often blurred because aggregates are made up of individuals and firms.

60) Modern economists are increasingly using microeconomic analysis in macroeconomics because

A) microeconomic theory is more scientific.

B) aggregate outcomes stem from decisions made by individuals, business firms and government.

C) macroeconomic subjects such as inflation affect all individuals.

D) macroeconomics is older and more outdated.

Solution
5 (1 Ratings )

Solved
Medicine 1 Year Ago 23 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
32485 Medicine Questions Answered!
Post a Question