Microeconomics Study Set 26
Quiz 1: What Is Economics
Define Economics and Describe Its Branches of Study
Define economics and describe its branches of study.
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What is the difference between microeconomics and macroeconomics?
What is the difference between microeconomics and macroeconomics? Give an example of an issue each studies.
Below is a student's answer to the question "What is microeconomics?" If you were the instructor, how would you correct the student's answer? "Microeconomics is the study of how government influences the choices made by individuals and businesses and of the performance of the whole national economy."
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