Macroeconomics differs from microeconomics in that:
A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole.
B. microeconomics is the study of individual markets, while macroeconomics deals with the nation's economy as a whole.
C. macroeconomics focuses principally on social and political issues, while microeconomics involves the study of a nation's monetary system.
D. microeconomics focuses principally on social and political issues, while macroeconomics involves the study of a nation's monetary system.
Answer: B
You might also like to view...
In 2006, the United States had
A) a surplus in the current account. B) a balance in the current account. C) a deficit in the current account. D) From 2006 data, it is too difficult to determine whether a surplus or a deficit existed in the current account. E) a positive balance of net financial flows.
At the short-run break-even point, the perfectly competitive firm is
A) earning positive economic profits. B) earning zero economic profits. C) earning negative economic profits. D) just covering its total variable costs.
When Skippy the sailor forgets how to tie a slip knot his:
A. human capital decreases. B. human capital increases. C. human capital is unaffected. D. None of these is true.
If the U.S. government wants to increase the price of the dollar relative to the euro, it could buy euros with dollars in the foreign exchange market.
Answer the following statement true (T) or false (F)