Asked by sonnhy wilsn on May 30, 2024
Verified
The study of how benefits are determined for city employees would be considered
A) microeconomics.
B) macroeconomics.
C) descriptive economics.
D) institutional economics.
Microeconomics
The area of economics focused on analyzing how firms and individuals decide to distribute scarce resources.
Macroeconomics
A branch of economics that studies how the aggregate economy behaves, focusing on indicators such as GDP, unemployment rates, and inflation.
Descriptive Economics
The branch of economics focused on describing the components of the economy and how they function, without making judgments about them.
- Segregate microeconomics and macroeconomics by delineating their respective subjects of study and the queries they are designed to answer.
Verified Answer
Learning Objectives
- Segregate microeconomics and macroeconomics by delineating their respective subjects of study and the queries they are designed to answer.
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