GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False:Economics and Microeconomics are the same thing
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False
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True
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -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-2: -Solution. True, macro economics studies whole economy. Explanation: In Macroeconomics, we study how an economy as a whole operates.
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