Economics · Oct / Nov 2025 · Paper 12 · Question 4
2281The nature of the basic economic problem
Which combination gives correct examples of macroeconomics and microeconomics?
- Amacroeconomics: study of demand for a product; microeconomics: study of price of a product
- Bmacroeconomics: study of behaviour of firms; microeconomics: study of individual behaviour
- Cmacroeconomics: study of the economy as a whole; microeconomics: study of specific markets
- Dmacroeconomics: study of the international economy; microeconomics: study of the national economy
As printed in the paper
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Correct answer: C. macroeconomics: study of the economy as a whole; microeconomics: study of specific markets
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