Economics is divided into two different branches.Microeconomics looks at such things as the total amount of goods and services produced by a society,whereas macroeconomics studies such things as decisions made by individual businesses.

Question

Quizplus · Accepted Answer

The statement is incorrect. Microeconomics studies individual businesses and households, while macroeconomics looks at the overall performance and behavior of the economy, such as inflation and national output.

Economics Is Divided into Two Different Branches