Multiple Choice
In broad terms the difference between microeconomics and macroeconomics is that
A) macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not.
B) microeconomics studies the effects of government taxes on the national unemployment rate.
C) they use different sets of tools and ideas.
D) microeconomics studies decisions of individual people and firms and macroeconomics studies the entire national economy.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Macroeconomics is concerned with<br>A) government decision making
Q3: If a curve falls and then rises,
Q4: Which of the following is a normative
Q5: When an economy produces more houses and
Q6: An incentive<br>A) is the opposite of a
Q8: The statement that ʺpeach ice cream is
Q9: What does the slope of the line
Q10: Macroeconomics differs from microeconomics in that:<br>A) macroeconomics
Q11: The study of economics<br>A) deals mainly with
Q12: In economics, the term ʺlandʺ means<br>A) land,