Advertisements
Advertisements
Question
How is microeconomics different from macroeconomics?
Options
Microeconomics deals with the government’s decisions.
Microeconomics deals with individual behaviour.
Microeconomics deals with economic behaviour.
Microeconomics deals with prices only.
MCQ
Solution
Microeconomics deals with individual behaviour.
Explanation:
The word 'micro' refers to small units. Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.
shaalaa.com
Methods of Calculating National Income - Value Added Or Product Method
Is there an error in this question or solution?
