Which of the following statements is true? O a) Microeconomics is concerned chiefly with the economy as a whole. b) Macroeconomics is concerned chiefly with individual markets. O c) Governments have no influence over market prices. O d) When economists study the price in a market, their chief aims are to understand why the price is what it is and why it may change.
Which of the following statements is true? O a) Microeconomics is concerned chiefly with the economy as a whole. b) Macroeconomics is concerned chiefly with individual markets. O c) Governments have no influence over market prices. O d) When economists study the price in a market, their chief aims are to understand why the price is what it is and why it may change.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![Which of the following statements is true?
O a) Microeconomics is concerned chiefly with the economy as a whole.
Ob) Macroeconomics is concerned chiefly with individual markets.
Oc) Governments have no influence over market prices.
d) When economists study the price in a market, their chief aims are to understand
why the price is what it is and why it may change.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23361e09-87ce-4673-b5e0-198df46124ac%2F5d2d4cc6-e5dc-4ece-b4d9-f784d99ba385%2Fa6qjce6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements is true?
O a) Microeconomics is concerned chiefly with the economy as a whole.
Ob) Macroeconomics is concerned chiefly with individual markets.
Oc) Governments have no influence over market prices.
d) When economists study the price in a market, their chief aims are to understand
why the price is what it is and why it may change.
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