Scribd Logo
Upload

Welcome to Scribd!

  • Chapter 5

    Uploaded by

    Shayan Anees
    3 views1 page
    Microeconomics is the study of individual markets and sections of the economy rather than the whole economy, focusing on particular markets. Macroeconomics is the study of behavior and decision making in whole markets and sections rather than individual markets. Microeconomics focuses on individual households and firms as decision makers, while macroeconomics looks at decision making across whole markets rather than individual parts of the economy.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Microeconomics is the study of individual markets and sections of the economy rather than the whole economy, focusing on particular markets. Macroeconomics is the study of behavior and decision making in whole markets and sections rather than individual markets. Microeconomics focuses on individual households and firms as decision makers, while macroeconomics looks at decision making across whole markets rather than individual parts of the economy.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    3 views1 page

    Chapter 5

    Uploaded by

    Shayan Anees
    Microeconomics is the study of individual markets and sections of the economy rather than the whole economy, focusing on particular markets. Macroeconomics is the study of behavior and decision making in whole markets and sections rather than individual markets. Microeconomics focuses on individual households and firms as decision makers, while macroeconomics looks at decision making across whole markets rather than individual parts of the economy.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Chapter 5 (Microeconomics and macroeconomics)

    Chapter reviews questions

    1)What is meant by microeconomics?

    A)Microeconomics is the study of the markets and sections of the economy rather than the
    whole economy. It is like the particular markets and sections instead of the whole markets in the
    economy.

    2)What is meant by macroeconomics?

    A)It is the study of the behavior and decision in whole markets and sections rather than the
    individual markets and sections in the economy.

    3)Who are the main decision makers in microeconomics and how does this differ from
    macroeconomics?

    A)Firms and microenois talk about the individual household rather than the whole and macronix
    talk about the whole markets rather than the individual.

    4)Who are the decision makers affected by microeconomics?

    A)Not find the answer

    5)Who are the decision makers affected by macroeconomics?

    A)Not find the answer

    You might also like