In the microeconomics in context model, the sectors of economic activity include: a

Economics Dec 13, 2020

In the microeconomics in context model, the sectors of economic activity include:

a. households, families and communities

b. the public purpose sector

c. the business sector

d. all of the above

Expert Solution

In the microeconomics in the context model, the sectors of economic activity include:

d. all of the above

Microeconomics studies the behavior of a particular group which means the behavior of a particular firm or individual. It does not take the nation as a whole. Therefore, Microeconomics studies the model of households, families, and communities and the public purpose sector and business sector.

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