Microeconomics, unlike macroeconomics, focuses on: a. individual households and businesses and…

Question

Microeconomics, unlike macroeconomics, focuses on: a. individual households and businesses and…

Expert Answer

Question:

Microeconomics, unlike macroeconomics, focuses on:

a. individual households and businesses and how they make decisions.

b. households and businesses as groups and their relationship to other households and businesses.

c. individual households and businesses and how their behavior affects overall economic activity.

d. households and businesses as groups and how their behavior affects overall economic activity.

Economics:

Economics refers to social science that focuses on manufacturing, distributing, and utilization of goods or

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