_____ deals with economic decisions of individuals, households, and firms

Business Dec 10, 2020

_____ deals with economic decisions of individuals, households, and firms.

A) Economic accounting

B) Microeconomics

C) Blue Chip econometrics

D) Macroeconomics

Expert Solution

The answer is B) Microeconomics.B) Microeconomics.

Microeconomics deals with the economic decisions of individuals, households, and firms.

Economic analysis entails mainly aggregate or individual units. Therefore, the economic discipline falls majorly into two categories, namely microeconomics and macroeconomics. Microeconomics concentrates on individuals such as firms; on the other hand, macroeconomics views economics as an aggregate.

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