A study of a ________ will be a part of micro economics.

Firm

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Whole economy

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Industries

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None of the above

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Solution

The correct option is A Firm
Macroeconomics considers factors affecting the society as a whole and microeconomics consider the factors on an individual basis. It is a study of a particular individual or firm.

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Similar questions

Q. Which of these is a part of micro economics?

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

Q. Give reasons or explain the following statements.

1) Micro Economics is also known as price theory.

2) Micro Economics studies individual economic unit.

3) Micro Economics analyses partial equilibrium.

4) Micro Economic theories are based on certain assumptions.

5) Marginalism principle is used as a tool of analysis in micro economics.

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1) The terms Micro and Macro Economics were first used by _______________. (Adam Smith/ Robbins/ Ragner Frisch/ Marshall).

2) Micro Economics is a study of _________. (Whole economy/ general price level/ National output/ Individual economic unit).

3) Micro Economics is also called as ________________. (Income theory/ Price theory/ Growth theory/ Employment theory)

4) Micro Economic analysis adopts __________________ method. (lumping/ aggregative/ Slicing/ inclusive)

5) Micro Economics is a __________________________ equilibrium approach. (partial/ general/ total/ multi-variable).

Q. _____ is not a subject matter of micro economics.

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A study of a ________ will be a part of micro economics.

The correct option is A FirmMacroeconomics considers factors affecting the society as a whole and microeconomics consider the factors on an individual basis. It is a study of a particular individual or firm.

The correct option is A Firm
Macroeconomics considers factors affecting the society as a whole and microeconomics consider the factors on an individual basis. It is a study of a particular individual or firm.