Thinking like a macroeconomist means focusing on the connections between
A) additional benefits and additional opportunity costs.
B) competition and cooperation.
C) marginal benefit and marginal cost.
D) the Canadian economy and the rest of the world.
E) none of the above.

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with the overall performance of the economy, including its interactions with other economies around the world. Therefore, focusing on the connections between the Canadian economy and the rest of the world is the most appropriate choice for thinking like a macroeconomist. The other choices are more relevant to microeconomics, which focuses on individual markets and decisions.

Thinking Like a Macroeconomist Means Focusing on the Connections Between