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Question
The basic difference between macroeconomics and microeconomics is:
Options:
A .  microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.
B .  microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms.
C .  microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
D .  microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.
Answer: Option C
:
C
Microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.

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