#ncert_quiz Q1. Consider the facts regarding macroeconomics and microeconomics?? 1. The economic agents in both are same but differ only in level of playing i.e.in macroeconomics, at national level and in microeconomics at individual level. 2. The players of macroeconomics came into existence after the great economic depression of 1929. 3. In macroeconomics, generally a representative good is taken for study the economy as the behaviour of that good, in terms of production, prices and employment, bear resemblance to other goods produced in the economy. 4. There is no need to study macroeconomic, if all the individual entities in market take decisions keeping in mind their self-interests. Which of the above is/are true? a. 1, 3 b. 1,2,3 c. 1,2,3,4 d. 3 only
Posted on: Sun, 28 Dec 2014 13:33:59 +0000