BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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PARTLY TRUE
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PARTLY FALSE
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Detailed explanation-1: -Microeconomics and macroeconomics are not independent approaches to economic analysis but they are complementary to each other.
Detailed explanation-2: -False. Was this answer helpful?
Detailed explanation-3: -Microeconomic analysis offers insights into such disparate efforts as making business decisions or formulating public policies. Macroeconomics is more abstruse. It describes relationships among aggregates so big as to be hard to apprehend-such as national income, savings, and the overall price level.
Detailed explanation-4: -The other name of macroeconomics is ‘Income and Employment Theory’.
Detailed explanation-5: -macro. Simply put, micro refers to small things and macro refers to big things. Each of these terms appears in a wide variety of contexts and refers to a vast number of concepts, but if you remember this simple rule, you will generally be able to remember which is which.