Microeconomics is best described as the study of a. economy-wide phenomena. b. how households and firms make decisions and how they interact in specific markets c. the flows of dollars between households and firms. d. markets for land, labor, and capital.

Microeconomics is best described as the study of a. economy-wide phenomena. b. how households and firms make decisions and how they interact in specific markets c. the flows of dollars between households and firms. d. markets for land, labor, and capital.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section: Chapter Questions

Problem 1AA

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Microeconomics is best described as the study of
a. economy-wide phenomena.
b. how households and firms make decisions and
how they interact in specific markets
c. the flows of dollars between households and
firms.
d. markets for land, labor, and capital.

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