Microeconomics is the study of a country's overall economic dynamics, such as the employment rate, the gross domestic product, and taxation policies.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual economic units, such as households, firms, and markets, and how they interact with each other. Macroeconomics is the branch of economics that focuses on the overall performance of the economy, including the topics mentioned in the statement.

Microeconomics Is the Study of a Country's Overall Economic Dynamics