Introduction to Economics 1 Deneme Sınavı Sorusu #1081634
Which of the following is true for microeconomics?
It studies how a country’s economy as a whole is structured and works |
It studies the aggregate effects of various policies pursued by the government |
It studies the effects of monetary policies pursued by the government |
It studies the behavior and decisions of individuals or households and firms |
It studies the effects of fiscal policies pursued by the government |
Microeconomics is the a main branch of economics that studies the behavior and decisions of the smallest decision units such as individuals or households and firms, whereas Macroeconomists study how a country’s economy as a whole is structured and works, by paying particular attention to the effects of monetary and fiscal policies pursued by the government. The answer is D.
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