Microeconomics differs from macroeconomics in that:
A)microeconomics studies individual decision making while macroeconomics examines aggregate decision making.
B)microeconomics studies aggregate decision making while macroeconomics examines individual decision making.
C)microeconomics utilizes positive economic analysis while macroeconomics utilizes normative economic analysis.
D)microeconomics is concerned with consumer behavior while macroeconomics is concerned with firm behavior.

Question

Microeconomics differs from macroeconomics in that:
A)​microeconomics studies individual decision making while macroeconomics examines aggregate decision making.
B)​microeconomics studies aggregate decision making while macroeconomics examines individual decision making.
C)​microeconomics utilizes positive economic analysis while macroeconomics utilizes normative economic analysis.
D)​microeconomics is concerned with consumer behavior while macroeconomics is concerned with firm behavior.

Quizplus · Accepted Answer

Microeconomics focuses on the decisions made by individuals and firms, including choices related to consumption, production, and pricing. In contrast, macroeconomics examines the economy as a whole, analyzing topics such as inflation, GDP, and government policies that affect the broader economy rather than individual decision making. Therefore, Option A is the correct answer as it accurately describes the difference between the two branches of economics.

Microeconomics Differs from Macroeconomics in That