What is the difference between microeconomics and macroeconomics? a. Macroeconomics deals with abstract economic theories, while
microeconomics applies those theories to the real world. b. Microeconomics looks at economic systems in a vacuum, while macroeconomics looks at how those systems interact with one another. c. Microeconomics deals with economics on the level of individuals or businesses, while macroeconomics deals with economics on the level of states or countries. d. Macroeconomics looks at the history of economics, while microeconomics is concerned with the present and the future.
A very basic understanding will lead us to the correct answer.
Micro means "small" and Macro means "large".
Micro economics deals with small level & Macro economics deals with large level.
Answer choice C is right as it defines microeconomics as dealing with individuals and businesses (small level) and macroeconomics as dealing with states or countries (large level).
Answer choice C is right, "<u>Microeconomics deals with economics on the level of individuals or businesses, while macroeconomics deals with economics on the level of states or countries."</u>
C) Microeconomics deals with economies on the level of individuals or businesses, which macroeconomics deals with economies on the level of states or countries.
