The basic difference between macroeconomics and microeconomics-09107
The basic difference between macroeconomics and microeconomics is that
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.2.
The basic difference between macroeconomics and microeconomics is that
macroeconomics looks at the forest (aggregate markets), while microeconomics is concerned with the individual trees (subcomponents).
macroeconomics is concerned with policy decisions, while microeconomics applies only to theory.
microeconomics is concerned with the forest (aggregate markets), while macroeconomics is concerned with the trees (components).
opportunity cost is applicable to macroeconomics, and the fallacy of composition relates to microeconomics.
