True or false about the two branches

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   Microeconomics studies individual markets.

2. Statement is true

   Yes

   Statement

   Inflation is a macroeconomic phenomenon.

3. Statement is true

   No

   Statement

   A single firm's pricing is macroeconomics.

4. Statement is true

   Yes

   Statement

   Economic agents are those who take economic decisions.

5. Statement is true

   No

   Statement

   A large company counts as macro in this sense.

Instructions

Decide whether each statement is true or false.

Explanation