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2 years ago

The main difference between macroeconomics and microeconomics is that macroeconomics _____, and microeconomics

1 answer:

5 0

The main difference between macroeconomics and microeconomics is that macroeconomics focuses on the aggregate economy, and microeconomics focuses on small components of that economy.

<h3>What is microeconomics and macroeconomics?</h3>

Macroeconomics is a branch of economics that studies the aggregate economy. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate. A topic in macroeconomics could be the effect of inflation on the US economy.

Microeconomics is a branch of economics that studies the economic activities of economic agents in the economy. It studies the decision making process of firms and individuals in response to change in the economic variables.

Here is the complete question:

The main difference between macroeconomics and microeconomics is that:

a) macroeconomics looks at how individuals make choices, and microeconomics looks at the aggregate of those choices.

b) microeconomics largely deals with the fallacy of composition, and macroeconomics does not deal with the fallacy of composition.

c macroeconomics focuses on the aggregate economy, and microeconomics focuses on small components of that economy.

d) macroeconomics is concerned with economic policy, and microeconomics is concerned with international policies

To learn more about macroeconomics, please check: brainly.com/question/13244131

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A producer with a comparative advantage has the ability to produce a good or service at ________.a. a lower opportunity cost tha

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Answer:

The correct answer is option a.

Explanation:

Comparative advantage refers to the situation when an individual, firm or nation, can produce a good or service at a relatively lower opportunity cost than its competitors.

A producer that can produce a good at a lower opportunity cost is said to be specializing in the production of that good.

If a producer can produce a good at a relatively lower cost than any competitor, it implies that the producer has an absolute advantage in the production of that good.

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3 years ago

An industrialization policy of restricting imports in order to boost local production for local consumption of goods that would

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Answer:

The correct answer is letter "A": import substitution.

Explanation:

Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.

<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.

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3 years ago

Bill marks up his goods 38% on cost. A Nikon camera cost Bill $410. What is Bill's selling price? (round to the nearest cent)

mezya [45]

Answer:

$565.8

Explanation:

Selling price is equal to cost price plus mark-up

In this case:

Cost of the Nikon camera is $410

The preferred mark-up is 38%

Actual markup is 38% of $410

=38/100 x $410

=0.38 x $410

=$155.8

Selling price = $410 + $ 155.8

=$565.8

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4 years ago

A ____________ (responsible for the work package) involved in risk assessment and mitigation will help focus attention on all as

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Project managers involved in risk assessment and mitigation will help focus attention on all aspects of risk management.

The term "project manager" refers to a specialist in the discipline. In every effort with a specified scope, defined start, and defined completion, regardless of industry, project managers are responsible for the planning, procurement, and execution of the project.

As the project representative, project managers are the first point of contact for any difficulties or disagreements that arise between the leaders of different departments in a business.

This prevents the issue from becoming more serious and involving higher authorities.

The job of a project manager is to manage projects. Rarely does this person actively engage in the processes that lead to the outcome; instead, they work to keep the various parties' tasks moving forward and interdependent in a way that minimises the likelihood of an overall failure, optimises rewards

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2 years ago

In todayâs workplace, teams are a vital force, and the majority of business professionals must collaborate on the job. The trend

Sphinxa [80]

Answer:

c) response more quickly

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Teamwork refers to working in collaboration towards attainment of a common goal. Teamwork leads to synergistic gains as the collective group work exceeds the work carried out individually.

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Promotes problem solving skills: Working in a team helps individual develop problem solving skills.
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Promotes learning: One to many interactions among team members promotes learning
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3 years ago