Economics is a study of a) how to make money in the stock market b) how to run a business successfully c) the allocation of scare resources d) personal finance C Economics is the study of
b) macroeconomics is the study of the behavior of the economy as a whole c) macroeconomics is the study of individual economic units d) macroeconomics is the study of how the prices of individual goods are determined
Principles of Microeconomics 7th EditionN. Gregory Mankiw 508 explanations Principles of Macroeconomics 6th EditionN. Gregory Mankiw 424 explanations
Modern economists are increasingly using microeconomic analysis in macroeconomics because a) microeconomic theory is more scientific b) aggregate outcomes stem from decisions made by individuals, business firms and government
Macroeconomics is best defined by which of the following statements. a) macroeconomics is the study of how firms strive to maximize their profits. b) macroeconomics is the study of the behavior of the economy as a whole. c) macroeconomics is the study of individual economic units.
a) John did not use the economic way of thinking because his decision on how to allocate his time did not involve money. b) John's decision on how to allocate his time is inconsistent with the rationality assumption since he has decided to go to the gym.