Question

In: Economics

A microeconomist would focus their studies on levels of exports and imports.


A microeconomist would focus their studies on levels of exports and imports. 

Select the correct answer below: 

 True False 

Solutions

Expert Solution

False.

Microeconomics is more of a student related to behaviour of firms and individuals to take decisions on micro level regarding allocation of scarce resources , change in price and/or methods of production.

Whereas export/import is looked upon as a broader market as countries are involved in it and larger interest such as national productivity is studied where large scale economic factors are taken into account and hence export/import is generally counted in macroeconomics.

Rahul Sunny answered 1 year ago
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