MC8. What is the difference between microeconomics and macroeconomics?
A. Microeconomics studies individual markets, while macroeconomics studies the economy as a whole.
B. Microeconomics studies the behavior of individual consumers and firms, while macroeconomics studies the overall behavior of the economy.
C. Microeconomics is concerned with the allocation of resources at the individual level, while macroeconomics is concerned with the allocation of resources at the national level.
D. There is no difference between microeconomics and macroeconomics.
Answer:A
MC8. What is the difference between microeconomics and macroeconomics?
A. Microeconomics studies individual markets, while macroeconomics studies the economy as a whole. B. Microeconomics studies the behavior of individual consumers and firms, while macroeconomics studies the overall behavior of the economy. C. Microeconomics is concerned with the allocation of resources at the individual level, while macroeconomics is concerned with the allocation of resources at the national level. D. There is no difference between microeconomics and macroeconomics.