Asked by Arvind Sethi on Jul 05, 2024
Verified
A macroeconomist, rather than a microeconomist, would study the effects on a market from two firms merging.
Macroeconomist
An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.
Microeconomist
An economist focused on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.
- Understand the difference between macroeconomics and microeconomics, and their respective areas of study.
Verified Answer
SA
Salah AltamimiJul 08, 2024
Final Answer :
False
Explanation :
A microeconomist would study the effects on a market from two firms merging, as microeconomics focuses on the actions of individuals and industries, like the dynamics of market competition and firm behavior.
Learning Objectives
- Understand the difference between macroeconomics and microeconomics, and their respective areas of study.