All categories

1 year ago

Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.

Business

1 answer:

kobusy [5.1K]1 year ago

4 0

The given statement is false.

A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.

The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.

In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.

Hence, the above statement is false.

For more questions related to Macroeconomics and Microeconomics visit the link below:

brainly.com/question/11362533?referrer=searchResults

#SPJ4

You might be interested in

Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi

algol13

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

7 0

3 years ago

Read 2 more answers

Producer surplus equals the Group of answer choices amount received by sellers minus the amount paid by buyers. value to buyers

kvv77 [185]

Answer:

Option D amount received by sellers minus the cost to sellers.

Explanation:

The producer surplus is the difference between the amount that the seller actually received and the amount the seller wants to receive.

Producer Surplus = Amount actually received by the seller - Amount the supplier wants to receive

All the remaining options discusses buyer influence which shows that these are totally incorrect and the only option that is correct is option D.

7 0

3 years ago

The painter contracts to paint the exterior of the home for $1,750 plus the cost of paint and any other necessary materials. Abo

yawa3891 [41]

Answer:

substantial performance.

Explanation:

From the question we are informed about painter which contracts to paint the exterior of the home for $1,750 plus the cost of paint and any other necessary materials. About three-fourths of the way through the job, the contractor breaks his leg and can't finish. The owner offers to pay the contract price less deductions for the cost of having the job completed by another painter, and the original painter accepts the offer. In this case, the contract has been discharged under the principle of substantial performance.

Substantial performance can be regarded as a term that is been

used as regards contract law, it is a principle that can be explained as

degree of performance of a contract that is not regarded as complete or full performance, but regarded as nearly equivalent which will be considered to be unfair if the contractor is denied the agreed payment in the contract.

8 0

2 years ago

When a potential customer becomes serious about the purchase and is likely to buy the product, the customer becomes a __________

jenyasd209 [6]

Answer: a. Sales prospect

When a potential customer becomes serious about the purchase and is likely to buy the product, the customer becomes a sales prospect.

Explanation:

A sales prospect is known to be an act of looking out for new customers, persuading them to buy products and in the process, they become potential customers. There are various method in which a salesperson or seller can get a potential prospects, some of which are through referral and direct contact with the prospects. Hence, sales prospects increase and improve the number of customers that a company has.

6 0

2 years ago

Read 2 more answers

Suppose that the exchange rate is €1.25 = £1.00.Options (calls and puts) are available on the London exchange in units of €10,00

Lunna [17]

Answer:

On a more secure side, the firm should accept position in call just as put to support the conversion scale hazard totally.

Size of a call choice on euro is 10,000 units in euro, in this way, the firm will require 10-call choices on the euro with strike in pounds.

Size of put choice on pound is 10,000 units in pound, and one pound is equivalent to 1.25 euro, along these lines, to support the payables of euro 100,000 the firm will require 8 put choices.

Accordingly, the firm ought to by 10 call alternative on the euro and sett 8 put choice on the pound. Along these lines, the right answer is 'first decision'.

7 0

3 years ago