The analysis dealing with the behavior of the economy as a whole. ___Select one:a. Economics b. Macroeconomicsc. GDPd. Microeconomics

Economics that deals with output, employment, incomes, and other activities for the economy as a whole is:Question 19Select one:a.Microeconomics.b.Agricultural Economics.c.Macroeconomics.d.International economicse.Freakonomics

Microeconomics - The branch of economics that studies the economy of consumers or households or individual firms.Question 3AnswerTrueFalse

Differentiate between microeconomics and macroeconomics. Provide examples of each.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.

An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy