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A major difference between microeconomics and macroeconomics is: microeconomics is more concerned with individual markets, while...

A major difference between microeconomics and macroeconomics is:

microeconomics is more concerned with individual markets, while macroeconomics is concerned with economies as a whole.
macroeconomics is more concerned with individual markets, while microeconomics is concerned with economies as a whole.
microeconomics is more based on normative analysis while macroeconomics is based on positive analysis.
there is no major difference between microeconomics and macroeconomics.

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Expert Solution

A major difference between microeconomics and macroeconomics is:

(A) microeconomics is more concerned with individual markets, while macroeconomics is concerned with economies as a whole.

Microeconomics studies economic behavior of the individual markets, firms and individuals whereas the macroeconomics studies the economic behavior of the economy as a whole

Rahul Sunny answered 2 years ago
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