A basic difference between microeconomics and macroeconomics is that:

a. microeconomics focuses on financial reporting by individuals, whereas macroeconomics focuses on financial reporting by large firms.

b. microeconomics focuses on the choices of individual consumers, whereas macroeconomics considers the behavior of large businesses.

c. microeconomics focuses on national markets, whereas macroeconomics concentrates on international markets.

d. microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.

Question

Business

Thalia Crosby

12 July, 19:42

A basic difference between microeconomics and macroeconomics is that:

a. microeconomics focuses on financial reporting by individuals, whereas macroeconomics focuses on financial reporting by large firms.

b. microeconomics focuses on the choices of individual consumers, whereas macroeconomics considers the behavior of large businesses.

c. microeconomics focuses on national markets, whereas macroeconomics concentrates on international markets.

d. microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.

+3

Answers (1)

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Khalil Turner · Answer 1

Option D is correct.

Explanation:

A basic difference between microeconomics and macroeconomics is that: microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.