Microeconomics analyzes performance of the whole Canadian economy and global economy; the combined outcomes of all individual microeconomic choices.

Question

Quizplus · Accepted Answer

Microeconomics analyzes the decisions and behaviors of individual consumers, firms, and households in specific markets, not the performance of the economy as a whole. Macroeconomics is the study of the overall performance and behavior of the economy, including factors such as inflation, GDP, and employment levels.

Microeconomics Analyzes Performance of the Whole Canadian Economy and Global