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The determination of the salaries of teachers would be a topic for microeconomics

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter22: Economies In Transition

Section: Chapter Questions

Problem 10SQ

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The determination of the salaries of teachers would be a topic for microeconomics

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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Microeconomics and macroeconomics are the two categories of economics that study the problems in the economy in a different manner. Microeconomics deals with individual items while macroeconomics deals with aggregate items.

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