Multiple Choice
The basic difference between macroeconomics and microeconomics is that
A) macroeconomics is concerned with the forest (aggregate markets) , while microeconomics is concerned with the individual trees (subcomponents) .
B) macroeconomics is concerned with policy decisions, while microeconomics applies only to theory.
C) microeconomics is concerned with the forest (aggregate markets) , while macroeconomics is concerned with the trees (subcomponents) .
D) opportunity cost is applicable to macroeconomics, and the fallacy of composition relates to microeconomics.
Correct Answer:

Verified
Correct Answer:
Verified
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