Question

 Which statement regarding macroeconomics and microeconomics is TRUE?

  Neither macroeconomics nor microeconomics is concerned with prices.

  Because it focuses on national economies, macroeconomics does not study international trade and finance. O Microeconomics examines consumer behavior, while macroeconomics studies business behavior.

  Macroeconomics employs many of the same analytical tools as microeconomics.

 Prices typically contain more useful information for buyers than for sellers.

  False

  True

 A market is a physical location that enables buyers and sellers to interact and transact with one another.

  True

  False

Answer 1

1. Option D.

• Microeconomics is a branch of economics that usually deal's with the behaviours or action's that firms, consumer's exhibit while macroeconomics is concerned with the activities occuring within an economy as a whole.
• Microeconomics and macroeconomics make use of almost same analytical tools in order to study individual firms and customer behaviours and also to assess the economy as a whole respectively.

2. False.

• Prices not only reflect useful information for buyers but they also reflect useful information for sellers.
• The rise and fall in the price's help consumer's in deciding whether to consume a certain good or not and it also provides the time of consumption.
• Similarly it helps the sellers in taking supply decisions based on the rise and fall of price's.

3. True.

• A market can be defined as any physical location where both the buyer's and sellers interact with each other in order to transact.
• In this market, a single firm or group of firms sell their products in exchange of money from their customers.